Fundraisers

LightBay Capital raises $615m

The Los Angeles-based firm exceeds target size on its inaugural vehicle.

4 January 2018

LightBay Capital announced a final close of its debut vehicle, LightBay Investment Partners, at $615 million.

The oversubscribed fund, which surpassed an initial target of $450 million, will target middle-market opportunities in the consumer, business services and healthcare sectors. According to the Los Angeles-based firm’s press release, the fund’s strategy comprises buyouts, shared control and special situations investments in check sizes of $25 million to $150 million.

The fund’s limited partners include the Houston Firefighters’ Relief and Retirement Fund and the Texas Municipal Retirement System, which each committed $50 million.

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LightBay Capital raises $615m

Nearly there!

PODCAST: Dechert’s PE co-head on the biggest trends in the industry

Side Letter: Oakley’s multi-billion raise; LPs’ negotiating power; GP NAV delays

PE fundraising falls by more than $100bn amid investor crunch

Side Letter: Ham Lane’s $20,000 token ticket; Brookfield’s niche secondaries approach

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