Luminate Capital wraps up sophomore fund at $425 mln

Luminate Capital Partners has raised $425 million for its second fund. The limited partners of Luminate Capital Partners II include endowments, foundations, public and corporate pensions, ‎asset management firms and family offices. Moelis & Company LLC was placement agent while Kirkland & Ellis LLP provided legal counsel for Luminate. In 2017, Luminate closed its debut fund at more than $265 million.

PRESS RELEASE

SAN FRANCISCO, December 5, 2018 – Luminate Capital Partners, a private equity firm investing in software and software-enabled services businesses in the middle market, today announced the completion of fundraising for Luminate Capital Partners II, LP with $425 million of committed capital from a broad group of institutional investors.

Luminate Founder and Managing Partner Hollie Haynes noted, “We are very pleased with the investor response to Fund II which exceeded our expectations. As we have demonstrated our ability to generate attractive returns, we have continued to build additional institutional support from investors who understand our emphasis on the software sector. We look forward to building strong partnerships with our investors as we continue our track record of building leading companies.”

Fund II includes a diversified investor base of leading endowments, foundations, public and corporate pensions, ‎asset management firms, and family offices. Moelis & Company LLC served as placement agent and Kirkland & Ellis LLP provided legal counsel for Luminate.

Luminate closed its oversubscribed inaugural fund in 2017 with more than $265 million of capital commitments.

About Luminate Capital Partners
Luminate Capital Partners is a private equity firm focused on making investments in growing enterprise software companies. Luminate partners with management teams to provide flexible capital and operational support to drive strategy, accelerated growth and build long-term value. With headquarters in San Francisco, Luminate invests in portfolio companies that serve customers globally. For more information, visit www.luminatecapital.com.