Enlightenment Capital Raises $147M for 2nd Fund; Delvin Talbott Comments

investWashington-based private investment firm Enlightenment Capital has generated $147 million in capital commitments for its second fund in support of efforts to implement a strategy to invest in middle market firms in the aerospace, defense and government sector.

Devin Talbott, managing partner at Enlightenment Capital, said in a statement released Tuesday the completion of Fund II would help expand Enlightenment’s strategy to support entrepreneurs that seek to address government and national security challenges.

Enlightenment closed its second fund two years after it raised $80 million for its first fund.

Enlightenment Capital, founded by Talbott and Pierre Chao in 2012, provides senior debt, minority equity and mezzanine debt to mid-market ADG companies.

Enlightenment has made investments in 11 firms in the ADG sector across two funds such as unmanned aerial vehicle maker Aurora Flight Sciences and engineering services company Gleason Research Associates.

The private investment firm previously served as a third-party capital provider for software and data analytics company Vistronix Intelligence & Technology Solutions, which was acquired by Beltsville, Maryland-based government contractor ASRC Federal in August.

Check Also

Leonardo DRS

Leonardo DRS Secures $250M Army Tactical Terminal Replacement Contract

Leonardo DRS has been awarded a five-year, $250M contract to replace the U.S. Army's satellite communications terminals designed for tactical users. The contractor will help the Army replace the terminals that are set for decommissioning in fiscal year 2025, the Department of Defense said Wednesday.

Vicki Schmanske President Leidos Intell Group

Leidos Books Potential $960M CBP Software Dev’t BPA; Vicki Schmanske Quoted

Leidos (NYSE: LDOS) has received a potential five-year, $960M blanket purchase agreement to develop software to support the Customs and Border Protection’s traveler vetting procedures.