Washington-based private investment firm Enlightenment CapitalÂ has generated $147 million in capital commitments for its second fundÂ 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 Enlightenmentâs strategy to support entrepreneurs that seek to address government and national security challenges.
Enlightenment closed its second fund twoÂ years after it raised $80 million for its first fund.
Enlightenment Capital, founded by Talbott and Pierre ChaoÂ 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 acrossÂ 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 contractorÂ ASRC FederalÂ in August.