Fund V Reached Its Increased Hard Cap with Strong Support from Returning and New Investors
Fund V Enables Enlightenment Capital to Continue Executing Its Proven Strategy of Partnering with Exceptional Management Teams and Businesses Supporting Critical Government and Defense Missions
Enlightenment Capital, an Aerospace, Defense, Government & Technology (ADG&T) focused investment firm based in the Washington, DC area, announced the successful closing of its latest fund, Enlightenment Capital Solutions Fund V, L.P. (“Fund V” or the “Fund”). The Fund was significantly oversubscribed, closing at its increased hard cap with total investor capital commitments of $825 million, substantially above its original hard cap of $750 million and target of $600 million. Fund V represents a more than 50% increase over the capital raised for Fund IV. The Fund received strong support from a diverse base of both returning and new investors, including pension funds, asset managers, fund of funds, endowments, foundations, health systems, family offices, and insurance companies.
Fund V will continue Enlightenment Capital’s successful strategy of making both control and strategic, non-control investments in the ADG&T sector. With a robust track record spanning various market cycles, Enlightenment Capital is a trusted partner for middle market ADG&T companies looking to accelerate growth and build into middleweight standouts. As a strategic investor, Enlightenment Capital delivers value beyond capital alone. The firm forges top-tier management teams, drives growth through M&A and operational enhancements, and leverages its deep industry reach to spur teaming and innovation across its sector-focused portfolio. Enlightenment Capital employs a proven approach of providing flexible, strategic, and solution-oriented capital to fuel growth and generate strong returns. Enlightenment Capital currently manages over $2.3 billion and backs portfolio companies that collectively generate more than $1.9 billion in revenue and employ over 7,000 mission-driven employees.
“The successful closing of our fifth fund is a testament to our team and portfolio partners, who share a commitment to investing in dynamic businesses innovating in support of complex customer and mission requirements,” said Devin Talbott, Founder and Managing Partner of Enlightenment Capital. “We appreciate the support of our longstanding investors and new limited partners as we endeavor to build exceptional teams and cultivate market leading companies that deliver cutting-edge technology solutions to serve their government clients, enhance national security, and strengthen citizen services.”
Hogan Lovells served as Enlightenment’s legal counsel for Fund V.