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Godspeed Capital's second fund beats target

Sunday, May 28, 2023
Opalesque Industry Update - Godspeed Capital Management LP, a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today announced the close of Godspeed Capital Investment Program II with $250 million in capital commitments. Godspeed Capital previously raised $155 million in capital commitments for its inaugural program, Godspeed Capital Investment Program I, which closed in 2021.

The oversubscribed program was raised in less than six months, exceeded its $185 million initial target, and received commitments from a range of both new and existing U.S.-based institutional investors including existing strategic partner East Rock Capital, LLC, a U.S. public pension fund, family offices, and leading financial institutions representing endowment and foundation clients.

Godspeed Capital was launched in April 2021 to invest alongside forward-thinking management teams seeking an experienced and innovative investor with flexible capital mandates, both in terms of duration and structure. The firm partners with founder- and management-owned businesses operating broadly across the defense and government services sectors that have reached an inflection point in their growth trajectory. Godspeed seeks to drive growth and value creation through strategic initiatives, operational improvements, technology investments, and add-on acquisitions.

"We are proud to partner with these leading institutional investors and are grateful for the confidence they have placed in our team as we execute our strategy of collaborating with founders, entrepreneurs, and management teams across the defense and government services sectors," said Douglas T. Lake Jr., Founder and Managing Partner of Godspeed Capital. "We are thrilled with our initial investments and look forward to continuing to execute our strategy on behalf of our investors and partners and to growing our portfolio of leading companies."

Since inception, Godspeed Capital has completed 16 acquisitions in the formation of three distinct platform investments. They include Stratus, Godspeed Capital's multidisciplinary engineering, architecture, and consulting platform focused on federal, commercial, industrial, transportation, and municipal infrastructure markets in the Southern U.S.; SilverEdge Government Solutions, its cybersecurity, software, and intelligence solutions provider to the U.S. Intelligence Community; and MOREGroup, an architecture, design, engineering, and consulting platform focused on the education, government, healthcare, and life sciences markets.

Lazard Frères & Co. LLC served as the exclusive placement agent, and Davis Polk & Wardwell LLP served as legal counsel in the formation of Godspeed Capital Investment Program II.

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