Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Luminate Capital Partners raises $1bn for the third fund, surpassing the target

Wednesday, June 02, 2021

Laxman Pai, Opalesque Asia:

Luminate Capital Partners, San Francisco-based private equity firm investing in growth software companies, has closed Luminate Capital Partners III at $1 billion, its hard cap.

The middle-market buyout fund closed well above its fundraising target of $700 million, bringing the firm's total assets under management to $1.7 billion, said a press release.

Fund III includes a diversified investor base of leading endowments, foundations, public and corporate pensions, ?asset management firms, and family offices.

Investors include the $164.9 billion Washington State Investment Board, Olympia, and the Oregon Investment Council, which oversees the $83.4 billion Oregon Public Employees Retirement Fund, Tigard.

Moelis & Company LLC served as placement agent and Kirkland & Ellis LLP provided legal counsel for Luminate.

The previous fund, Luminate Capital Partners II, closed at $425 million in 2018.

Luminate Founder and Managing Partner Hollie Haynes said, "As we have built Luminate over the past six years, we have focused solely on growth-oriented market leaders in enterprise software. We work with management teams to build scale and extend market leadership. We are excited to continue to execute on this strategy and are fortunate to have a strong and dynamic team of investment professionals and operating advisors who are integral to our success."

According to the press release, since its inception, Luminate has built a portfolio o......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1