Luminate Capital wraps up sophomore fund at $425 mln

Luminate Capital Partners has raised $425 million for its second fund. The limited partners of Luminate Capital Partners II include endowments, foundations, public and corporate pensions, ‎asset management firms and family offices. Moelis & Company LLC was placement agent while Kirkland & Ellis LLP provided legal counsel for Luminate. In 2017, Luminate closed its debut fund at more than $265 million.

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