Luminate wraps up debut fund at over $265 mln

Luminate Capital Partners has closed its oversubscribed initial fund at more than $265 million, beating its $200 million target. The fund’s limited partners include pension plans, endowments, fund of funds and family offices. Founded by Hollie Haynes, a former managing director at Silver Lake Partners, Luminate focuses on enterprise software companies.

PRESS RELEASE

SAN FRANCISCO, June 14, 2017 – Luminate Capital Partners, founded by former Silver Lake Managing Director Hollie Haynes, raised more than $265 million for its oversubscribed debut private equity fund Luminate Capital Partners, LP, which exceeded its initial $200 million target.  Luminate invests in enterprise software companies.  The fund’s limited partners include pension plans, endowments, fund of funds and family offices.  The fund has made two investments to date, in Oversight Systems, Inc. and Financial-Information- Technologies, LC.

Luminate previously acquired and sold Professional Datasolutions, Inc.  Kirkland & Ellis LLP served as legal counsel, and Moelis & Company served as placement agent for certain of the limited partnership interests.