FTV Capital has promoted Adam Hallquist to partner, a move that signals the firm's continued commitment to growth in the vertical software, payments, and financial technology sectors. Hallquist will lead investments for FTV Ascend, the firm's dedicated growth equity platform focused on B2B software and technology-enabled services companies.

Hallquist joined FTV Capital in 2015 and has been instrumental in driving the firm's investment strategy in financial technology and services. His promotion reflects the firm's confidence in his ability to identify and execute on high-growth opportunities in these sectors. FTV Ascend has built a portfolio of companies that includes payment processors, software providers, and financial services firms.

This leadership change comes as private equity firms continue to show strong interest in technology-enabled businesses, particularly those with recurring revenue models. Hallquist's promotion positions him to play a key role in FTV Capital's future growth strategy as the firm seeks to capitalize on opportunities in the evolving fintech landscape.