Luminate Capital Partners has closed Luminate Capital Partners III, LP with USD1 billion of committed capital from a broad group of global institutional investors.  

The oversubscribed fund closed at its hard cap and above its USD700 million target, bringing the firm’s total assets under management to USD1.7 billion.

Since inception, Luminate has built a portfolio of 13 market-leading enterprise software companies, most recently adding Axonify, the leader in frontline employee training software.  The firm has completed a number of exits and recapitalisations in the past year, including the recapitalisation of Oversight Systems with TCV, the recapitalisation of StarCompliance with Marlin Equity, the recapitalisation of Conexiom with ICONIQ Capital, the sale of Comply365 to Liberty Hall Capital, and the sale of AMTdirect to MRI Software.

Read more at Private Equity Wire