Technology investor Lone View Capital has closed its inaugural fund, Lone View Capital Fund I LP, with $850 million of capital.
Limited partners in Fund I include university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies and family offices.
Los Angeles-headquartered Lone View invests in software, information services and technology-enabled businesses. The firm was co-founded by Managing Partner Rishi Chandna and Partner Doug Ceto, who worked closely together at Golden Gate Capital, where they co-led the firm’s software and services vertical. In addition, Senior Operating Partner Jim Schaper, an experienced CEO and former operating executive at Golden Gate, joined Messrs. Chanda and Ceto shortly after the January 2022 launch of Lone View.
“We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential,” said Mr. Chandna. “We are grateful for our investors’ trust and support and are excited to generate long-term value by fostering the next generation of market-leading businesses.”
“For over a decade, Rishi, Jim and I have worked hand in hand alongside a talented team of technology investors and operators. We look forward to leveraging our consistent and highly focused approach to capitalize on this attractive market opportunity,” said Mr. Ceto.
Fund I has completed platform investments in TREND Health Partners, a Maryland-based provider of credit balance management and payment accuracy services for healthcare payers and providers (January 2023); and Smartlinx, a New Jersey-based provider of workforce management and human resources software – scheduling, time and attendance, payroll, and compliance – to post-acute and long-term care facilities (July 2023).
“As a new firm, we have a unique opportunity to develop a more integrated – and more effective – partnership between investors and operators that can help our portfolio companies accelerate their value creation initiatives,” said Mr. Schaper.
Kirkland & Ellis provided legal services to Lone View on this fundraise.
With the close of Fund I, Lone View now has approximately $1.1 billion in assets under management.
© 2024 Private Equity Professional | April 11, 2024
Compass Group Equity Partners has held a first and final closing of its third fund, Compass Group Fund III LP, at its hard cap of $408 million.
“We are very proud of the firm we’ve built over the last decade. Hard work and dedication from the team has helped us deliver on our strategy of thematic research, proprietary deal sourcing, partnering in value creation, and ultimately successful outcomes,” said Managing Partner John Huhn. “The support from our limited partners validates our investment strategy, our people, and the strength of our portfolio. We are appreciative of both new and existing investor support that enables us to continue our mission to grow great companies.”
“Mike and the entire Trauma Services team have built an exceptional reputation through superior service and professionalism while handling sensitive situations with compassion and empathy,” said Patrick Watkins, a partner at Osceola. “We are excited to preserve that legacy and expand the reach of the business through M&A, new office openings, and an expanded service offering.”
Tampa-headquartered 
HCAP Partners has made an investment in Gondola Skate Moving Systems, a provider of fixture mobilization equipment.
“We’re excited to partner with another founder-led and locally rooted San Diego business that is helping some of the largest employers in our country renovate, upgrade, and redesign their retail and warehouse platforms,” said Christopher Fallone, a vice president at HCAP. “We look forward to working with the team to help them grow their customer base while assisting to improve internal job quality for the existing employee base and planned new hires.”
