L Capital announces the first closing of its inaugural fund: L Capital I LP; new fund focused on co-investments in the technology, media and telecommunications (TMT) sector
SAN FRANCISCO, CA – L Capital LLC announces the first closing of its inaugural private equity fund L Capital I LP effective December 21 2016. L Capital is the private equity investment affiliate of LR Group, a leading global retained executive search firm that partners with private equity firms, their portfolio companies, and public corporations to deliver high-impact leaders.
L Capital is a specialty private equity firm focused on investments in the technology, media and telecommunications (TMT) sector. L Capital makes equity co-investments alongside leading buyout and growth equity funds. In addition to focusing on equity investments, L Capital further expands LR Group’s private equity capabilities by providing value-added advisory services to private equity partners including diligence support, deal origination, and executive search.
L Capital I LP is the only dedicated private equity fund affiliated with an executive search firm in the technology sector. The capital commitments for L Capital I include the principals of LR Group as well as external investors including successful executives, other high net-worth individuals and family offices and institutions. Capital commitments to date range from $250,000 to $2M.
The new fund’s investments will add to L Capital’s track record of eight previous free standing investments in leading companies such as Magento, Informatica, Genesys, Rogue Wave Software, Solera, and ExLibris.
About L Capital
L Capital is a specialty private equity firm focused on the technology, media and telecommunications (TMT) sector. L Capital makes equity co-investments alongside leading buyout and growth equity funds and provides advisory services including diligence support and deal origination. The affiliation with Renovata & Company provides access to a global talent network, proprietary deal flow, and relationships with 50 of the top 100 private equity firms ranked by assets under management.
L Capital is led by its co-founder and partner, Bart Foster. Bart is an experienced private equity investor who has made over $360M of private equity investments in the technology sector.