Private equity investment firm Sverica Capital Management announced it has closed on a continuation fund transaction for Stream Companies Holdings, a provider of marketing software and services for auto dealers and OEMs.

In a news release, Sverica said the transaction marks a milestone in its partnership with Stream and underscores its continued commitment toward supporting Stream through the next phase of its growth.

In the Stream continuation fund transaction, Sverica’s fourth flagship fund — Fund IV — offered existing investors the option to roll over their equity and continue participating as an investor.

The continuation fund investment was led by RCP Advisors and Churchill Asset Management, with participation from other new investors along with reinvestment from Fund IV’s rolling LPs and GP.

Sverica’s fifth flagship fund also made a new investment in Stream, whose co-founders and management teams rolled over a “substantial” equity stake, Sverica said.

“Stream’s customer-centric approach and commitment to providing the best service and outcomes for its clients has proved to be a winning combination over the company’s long history,” Sverica managing partner Jordan Richards said. “It has been a pleasure partnering with David Regn and the talented team at Stream and fullthrottle.ai. We look forward to supporting them as the company continues to grow.”

Stream has grown revenue and EBITDA materially since Sverica’s initial investment in April 2019, and has established new partnerships and relationships with OEMs. Under Sverica’s ownership, the investment firm said, Stream has “made inroads” into new end markets and “significantly enhanced” its fullthrottle.ai SaaS platform through strategic reinvestment and product-led growth.

Richards called fullthrottle.ai “a groundbreaking first-party data and audience solution that we believe is poised to take market share in the years to come.”

Regn, Stream’s co-founder and CEO, said Stream and fullthrottle.ai are ready to “embark on the next phase of their journeys” in collaboration with Sverica.

“Our partnership with Sverica has been a cornerstone of our success,” he said. “As Stream enters its next chapter, we believe we are well-positioned to unlock the full growth potential of fullthrottle.ai, capture additional market share in the automotive sector, expand our non-automotive client base and pursue strategic M&A opportunities.”