Luminate Capital Partners closed its third enterprise software-focused fund with $1 billion of committed capital from a broad group of global institutional investors, exceeding its $700 million target.
Luminate Capital Partners III raises the firm’s total assets under management to $1.7 billion. The investor base includes leading endowments, foundations, public and corporate pensions, asset management firms and family offices. Moelis & Co. served as a placement agent for the asset raise.
“As we have built Luminate over the past six years, we have focused solely on growth-oriented market leaders in enterprise . . .
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