Luminate Closes Second Fund

Luminate Capital Partners has closed Luminate Capital Partners II LP with $425 million of committed capital. The firm’s earlier fund closed in June 2017 with more than $265 million of capital commitments.

Luminate makes control investments in companies operating in the software and software-enabled services sectors. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics, and software-enabled services.  The firm was founded by Hollie Haynes and is headquartered in San Francisco (www.luminatecapital.com).

“We are very pleased with the investor response to Fund II which exceeded our expectations,” said Ms. Haynes. “As we have demonstrated our ability to generate attractive returns, we have continued to build additional institutional support from investors who understand our emphasis on the software sector.  We look forward to building strong partnerships with our investors as we continue our track record of building leading companies.”

Investors in the new fund, which was oversubscribed, include endowments, foundations, public and corporate pensions, ‎asset management firms, and family offices.

Moelis & Company was the placement agent for this fundraise and Kirkland & Ellis provided legal services.

© 2018 Private Equity Professional | December 5, 2018

Print Friendly, PDF & Email

Related Articles

Easy A’s and Killer B’s Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 ...
TA Adds Vice President TA Associates has hired Amit Jain as a vice president. He will be part of the firm’s North America Technology Group and will be based in TA’s Menlo Pa...
CORE Closes High Demand First Fund CORE Industrial Partners has held a final close of CORE Industrial Partners Fund I LP with total commitments of $230 million. The new fund was signifi...
Falfurrias Closes New Fund Falfurrias Capital Partners has closed its new middle-market private equity fund, Falfurrias Capital Partners IV LP (FCP IV), at its hard cap of $500 ...
Edgewater Hits Fund IV Hardcap Edgewater Capital Partners has held a final closing of Edgewater Capital Partners IV LP (ECP IV) at its hardcap of $185 million. Limited partners i...
Corridor Adds Investment Pro Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, f...