Enlightenment Capital Raises $825M for 5th Fund

Enlightenment Capital has raised $825 million in total capital commitments for its fifth fund, allowing it to further advance its strategy of investing in companies supporting critical defense and government missions.

The Washington, D.C. area-based private investment firm said Tuesday that the oversubscribed Enlightenment Capital Solutions Fund V closed above its target of $600 million and an original hard cap of $750 million.

Devin Talbott, founder and managing partner of Enlightenment Capital, said the closing of the fifth fund reflects the firm’s team and portfolio partners’ commitment to investing in businesses that support complex customer and mission requirements.

“We appreciate the support of our longstanding investors and new limited partners as we endeavor to build exceptional teams and cultivate market leading companies that deliver cutting-edge technology solutions to serve their government clients, enhance national security, and strengthen citizen services,” Talbott added.

Fund V represents an increase of more than 50 percent when it comes to capital raised for the fourth fund.

Hogan Lovells acted as Enlightenment’s legal counsel for the latest fund.

Investing in Middle-Market Government & Defense Companies

Enlightenment Capital is focused on making control and non-control investments in middle-market companies operating in the aerospace, defense, government and technology sector.

The firm’s portfolio companies generate more than $1.9 billion in combined revenue and employ over 7,000 people.

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