Lone View Capital Raises $850 Million for Inaugural Investment Fund

Lone View Capital (“Lone View” or the “Firm”), a growth-oriented private equity firm investing across the technology ecosystem, today announced the close of its inaugural fund, Lone View Capital Fund I (“Fund I”).

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, April 10, 2024
Information
Tags: 
Start-Up, Accounting, Technology, Professional Services, Health, Health Technology, Asset Management, Software, Fintech, Human Resources, Finance, Golden Gate Capital, LLP, Investment, Insurance, Partnership, Kirkland & Ellis, Senior, Workforce, Information services
Geotags: 
UNITED STATES, NORTH AMERICA, CALIFORNIA
Organisation: 
LONE VIEW CAPITAL
Summary
Key Points: 
  • Lone View Capital (“Lone View” or the “Firm”), a growth-oriented private equity firm investing across the technology ecosystem, today announced the close of its inaugural fund, Lone View Capital Fund I (“Fund I”).
  • Fund I closed with total committed capital of $850 million, bringing Lone View’s assets under management to approximately $1.1 billion.
  • “We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential,” said Rishi Chandna, Managing Partner at Lone View.
  • We look forward to leveraging our consistent and highly focused approach to capitalize on this attractive market opportunity,” said Doug Ceto, Partner at Lone View.


Lone View Capital (“Lone View” or the “Firm”), a growth-oriented private equity firm investing across the technology ecosystem, today announced the close of its inaugural fund, Lone View Capital Fund I (“Fund I”). Fund I closed with total committed capital of $850 million, bringing Lone View’s assets under management to approximately $1.1 billion. Fund I is backed by a diverse group of experienced investors, including university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies and family offices.

Lone View’s integrated team of seasoned investors and operators leverage their deep domain expertise to partner with exceptional management teams to build, transform and grow market-leading software, information services and technology-enabled businesses. The Firm was co-founded by Rishi Chandna and Doug Ceto, who worked closely together at Golden Gate Capital, where they led the Software & Services vertical. They were also joined by Jim Schaper, an experienced multi-time CEO and former Operating Executive at Golden Gate Capital.

“We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential,” said Rishi Chandna, Managing Partner at Lone View. “We are grateful for our investors’ trust and support and are excited to generate long-term value by fostering the next generation of market-leading businesses.”

“For over a decade, Rishi, Jim and I have worked hand in hand alongside a talented team of technology investors and operators. We look forward to leveraging our consistent and highly focused approach to capitalize on this attractive market opportunity,” said Doug Ceto, Partner at Lone View.

“As a new firm, we have a unique opportunity to develop a more integrated – and more effective – partnership between investors and operators that can help our portfolio companies accelerate their value creation initiatives,” said Jim Schaper, Senior Operating Partner at Lone View.

Thus far, Fund I has completed platform investments in TREND Health Partners, a leader in credit balance management and payment accuracy solutions for healthcare payers and providers, and Smartlinx, a pioneer and leader in workforce management software for post-acute and long-term care facilities.

Kirkland & Ellis LLP served as legal counsel for Fund I.

About Lone View Capital

Lone View is a growth-oriented private equity firm investing across the technology ecosystem. Its team comprises both investors and operators who leverage their deep domain expertise to help exceptional management teams build, transform and grow market-leading businesses. The firm is based in Los Angeles, CA. For more information about Lone View’s investment strategy and model, visit https://loneviewcap.com/.

Copyright: 
Copyright Business Wire 2024