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Enlightenment Capital closes debut fund on $80m

5 Feb 2014

dcWashington, DC-based investment firm Enlightenment Capital has closed its debut fund on $80m.

The firm is focused on providing senior debt, mezzanine debt, and minority equity to mid-market businesses in the aerospace, defence and government sector.

According to a document filed with US securities regulators, the fund was targeting $100m. Last November AltAssets reported that it had raised nearly $41.5m from 58 LPs.

Since its launch in 2012 the firm has invested in Vistronix, REI, and Opera Solutions.

Co-founder and managing partner of Enlightenment Capital Devin Talbott said, “The defense and government industry is going through a period of reorientation and prioritization.  There is a surfeit of businesses in the sector that need both capital and help in navigating through today’s market.

“The industry needs knowledgeable, long-term investor support, and that is what we strive to provide.”

Enlightenment is led by managing partners Devin Talbott and Pierre Chao.

It also has a large advisory board which includes former vice chairman of the Joint Chiefs of Staff, General James Cartwright, ex-under secretary of defence for acquisition, technology and logistics Kenneth Krieg and NGP Energy managing partner Phil Deutch.

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