Key Takeaways
- • Ropes & Gray represented Advent International in a $200 million Series F funding round for Coralogix, which closed on June 3, 2026, with Advent serving as co-lead investor alongside CPPIB and Greenfield.
- • Coralogix, a real-time observability platform enabling engineering teams to monitor and act on system data, secured the capital to scale its enterprise data infrastructure solutions in the AI era.
- • Advent International, managing $102 billion in assets under management as of December 31, 2025, continues to expand its portfolio with strategic investments in cloud infrastructure and enterprise software companies.
- • The Ropes & Gray deal team was led by private equity partner Eric Issadore and emerging companies and venture capital associate David Marino, underscoring the firm's deep bench in venture and growth equity transactions.
Summary
Ropes & Gray advised global private equity investor Advent International in a $200 million Series F funding round for Coralogix, the observability data platform focused on enabling real-time monitoring and analysis of system infrastructure. The transaction, which closed on June 3, 2026, positions Coralogix as a critical backbone for enterprise data infrastructure in AI-intensive computing environments.
The funding round was co-led by Advent International alongside Canada Pension Plan Investment Board (CPPIB) and Greenfield Partners, with additional participation from Brighton Park Capital. This syndicate structure reflects investor confidence in Coralogix's market positioning within the observability and monitoring space, a category that has gained strategic importance as enterprises increasingly rely on real-time data processing and AI-driven insights.
Advent International brings substantial institutional weight to the investment, managing over $102 billion in assets under management as of year-end 2025 and maintaining a track record of 448 investments across 44 countries. The firm's co-leadership role signals conviction in Coralogix's growth trajectory and strategic relevance to the infrastructure modernization wave underway across enterprise technology.
The Ropes & Gray representation was executed by private equity partner Eric Issadore and emerging companies and venture capital associate David Marino, reflecting the firm's established presence in high-growth technology financing across both venture and private equity channels. The advisory engagement demonstrates Ropes & Gray's continued relevance to premier institutional investors executing transformational capital deployment in cloud infrastructure and enterprise software categories.
The funding round was co-led by Advent International alongside Canada Pension Plan Investment Board (CPPIB) and Greenfield Partners, with additional participation from Brighton Park Capital. This syndicate structure reflects investor confidence in Coralogix's market positioning within the observability and monitoring space, a category that has gained strategic importance as enterprises increasingly rely on real-time data processing and AI-driven insights.
Advent International brings substantial institutional weight to the investment, managing over $102 billion in assets under management as of year-end 2025 and maintaining a track record of 448 investments across 44 countries. The firm's co-leadership role signals conviction in Coralogix's growth trajectory and strategic relevance to the infrastructure modernization wave underway across enterprise technology.
The Ropes & Gray representation was executed by private equity partner Eric Issadore and emerging companies and venture capital associate David Marino, reflecting the firm's established presence in high-growth technology financing across both venture and private equity channels. The advisory engagement demonstrates Ropes & Gray's continued relevance to premier institutional investors executing transformational capital deployment in cloud infrastructure and enterprise software categories.
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