Godspeed Capital Management has raised $250 million in capital commitments from new and existing investors for its second investment program to further advance its strategy to partner with founders and other business leaders to co-invest in companies operating in the defense and government services markets.
The Washington, D.C.-based private equity firm said Thursday Godspeed Capital Investment Program II closed in less than six months and was oversubscribed, exceeding its initial target of $185 million.
“We are proud to partner with these leading institutional investors and are grateful for the confidence they have placed in our team as we execute our strategy of collaborating with founders, entrepreneurs, and management teams across the defense and government services sectors,” said Douglas Lake, Founder and managing partner of Godspeed Capital.
“We are thrilled with our initial investments and look forward to continuing to execute our strategy on behalf of our investors and partners and to growing our portfolio of leading companies,” added Lake.
Lazard Freres & Co. acted as the exclusive placement agent for the investment program and Davis Polk & Wardwell served as legal counsel.
Since its launch in April 2021, Godspeed Capital has closed 16 acquisitions and formed three investment platforms: Stratus, SilverEdge Government Solutions and MOREGroup.
In 2021, Godspeed closed its inaugural investment program with $155 million in capital commitments.