Brightstar Capital Partners, founded by former partner at Lindsay Goldberg, is launching its debut fund Brightstar Capital Partners Fund I, according to the firm’s March filing with the US Securities and Exchange Commission.
The fund had not received any commitments as of the filing date last month and no target was indicated.
Andrew Weinberg, who had been a partner at Lindsay Goldberg for 12 years, left the $10 billion firm to found Brightstar in July 2015, according to his LinkedIn profile.
Brightstar seeks to invest $50 million to $300 million per transaction in closely held, mid-market companies, according to the firm’s website.
On 31 March, the firm announced its $50 million acquisition in a majority stake in business logistics provider Global Resale. Brightstar senior partner Tom Meredith was named Global Resale’s board chairman through this transaction, according to a statement from Brightstar.
Earlier in his career, Weinberg was chief operating officer at Brightstar Corporation, a wireless distributor and provider of business services in Florida. He began his career in investment banking at Morgan Stanley and Goldman Sachs, according to his LinkedIn.
Other partners at Brightstar include Renee Noto, who was previously managing director of business development at Fifth Street Asset Management, Ken Kilroy, a senior partner who was previously at family office specialty firm Unity Investment Partners, and Raul Deju, a senior partner who chairs Deju Management Advisors and who was a director emeritus at John F. Kennedy University, according to their respective profiles.
A spokesperson was not available to comment.