LightBay Capital Fund I raises $615 mln
LightBay Capital said Jan. 4 that its debut private equity fund closed on $615 million, surpassing its $450 million target. Investors of LightBay Investment Partners LP include family offices, foundations, fund of funds, insurers, pension plans, and LightBay professionals. Nav Rahemtulla and Adam Stein, original members of Ares Management’s private equity group, co-founded LightBay, a Los Angeles private equity firm. UBS Private Funds Group acted as placement agent for LightBay. Kirkland & Ellis LLP served as legal counsel.
4 January 2018•2 mins read
