Brighton Park Capital Completes Second Fundraise with $1.8 Billion of Commitments
GREENWICH, CT, November 10, 2022 – Brighton Park Capital Management, L.P. (“Brighton Park”), an investment firm that specializes in collaborating with software, healthcare, and tech-enabled services businesses, today announced that it has completed a $1.8 billion fundraise for Brighton Park Capital Fund II, L.P. and related vehicles (“BPC II”), exceeding its target of $1.5 billion.
Consistent with its predecessor fund, BPC II will continue the firm’s strategy of investing in growth-stage software, healthcare, and tech-enabled services companies that provide highly innovative solutions to create better outcomes, business processes, and customer relationships. BPC II received support from existing and new investors, including a diverse group of endowments and foundations, family offices, financial institutions, and public and corporate pension funds in North America and around the world.
“Amid today’s uncertainties, we continue to find highly disruptive, entrepreneur-inspired growth companies. The team at Brighton Park is committed to making a real difference in supporting the global aspirations of our portfolio companies,” said Mark Dzialga, Managing Partner. “Our firm’s focus on helping to build great management teams, developing innovative products and services, and providing extraordinary customer success is at the core of everything we do as a business and capital partner.”
“We are grateful for the support we received from both new and existing investors across the globe,” said Erica Keany Blob, Partner and Chief Operating Officer. “An important founding principle of Brighton Park has been to provide an unparalleled amount of transparency to our investors and we plan to continue to set the standard for treating our investors as true partners.”
The completed fundraise for BPC II is the latest in a year of significant milestones for Brighton Park. In October 2022, the firm expanded its investment team with the additions of Calen Angert as a Partner and Head of the Healthcare Group, and John Cordo as a Principal, specializing in cybersecurity. The firm was also named to Inc.’s 2022 Founder-Friendly Investor list, honoring private equity and venture capital firms that have helped founder-led businesses succeed. Brighton Park has announced five investments thus far in 2022, including TheMathCompany, HTEC Group, Darktrace, Coralogix, and a follow-on investment in AppViewX.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser for BPC II.
About Brighton Park Capital
Brighton Park is a Greenwich, CT-based investment firm that specializes in software, healthcare, and technology-enabled services. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built value-add capabilities that match the unique requirements of each of its companies. For more information about Brighton Park, please visit www.bpc.com.
Jenny Gore / Julie Rudnick <br FGS Global