Kayne Partners invests in ColdLight Solutions

Kayne Partners has made an undisclosed investment in ColdLight Solutions. ColdLight is a provider of advanced analytics, predictive technology and machine learning science.


LOS ANGELES–(BUSINESS WIRE)–ColdLight Solutions, LLC (“ColdLight”), a global leader in applying automated machine learning science and advanced Big Data predictive analytics to drive better business outcomes for large enterprise customers, has partnered with Kayne Partners to accelerate growth and expansion of its business. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. a $24 billion alternative investment firm. Financial terms of the transaction were not disclosed.
Founded in 2007, ColdLight has evolved into a leader in the rapidly growing Big Data analytics market. Its Neuron™ platform empowers businesses of all sizes and across many verticals to translate massive amounts of disparate data into actionable intelligence to make better decisions. ColdLight’s technology is used across a diverse range of business verticals including media, healthcare, financial services, personal data management, customer retention and retail.
“We are really excited to have Kayne Partners on board as we accelerate our growth. They share our passion and vision for technologies that will drive the future of data-driven business,” said Ryan Caplan, ColdLight Founder and CEO. “Their depth and breadth of experience is a great addition to our rapidly growing business.”
“We are thrilled to have such a large and prestigious alternative investment firm like Kayne Anderson partnering with ColdLight. The growth capital and expertise they provide will enable us to expand our domestic and international operations, as well as scale our current and next generations of Automated Intelligence business solutions for our clients,” shared Eric Smith, ColdLight’s Chief Financial and Operating Officer.
“Kayne Partners supports high growth companies that are unique and industry leading by providing capital and resources to build on their impressive growth,” said Nishita Pawar, Vice President, Kayne Partners. She continued, “Big Data has received a lot of attention recently and ColdLight has set itself apart by combining automation and actionable intelligence into their solutions. We are excited to be partnering with ColdLight and believe that their innovation, technology and proven excellence make them second to none.”
“Kayne Partners believes that great companies are the result of extraordinary leaders and strong partnerships, and we are very excited to be partnering with a management team that has proven their leadership with distinction and dedication,” said Doyl Burkett, partner, Kayne Partners.
About ColdLight
ColdLight is a leader in advanced analytics, predictive technology and machine learning science. At the center is Neuron, a secure and flexible automated learning engine that learns from massive amounts of data, discovers patterns and then delivers mathematically validated recommendations directly to the business teams that can take action. Neuron can be deployed as a SaaS cloud service, minimizing any infrastructure impact for our customers. ColdLight was represented by the legal firm of Pepper Hamilton, LLP in the transaction.
About Kayne Partners
Kayne Partners is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $500 million in platform investments and add-on acquisitions. Kayne Partners seeks to partner with driven entrepreneurs as a non-control minority investor and provide transformative capital to these high growth companies. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors.
About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, growth private equity and distressed municipal opportunities. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above-average, risk-adjusted investment returns. Kayne manages over $24 billion in assets (as of 10/31/2013) for institutional investors, family offices, high net worth and retail clients and employs 240 professionals in eight offices across the United States. www.kaynecapital.com