Washington, D.C.-based Enlightenment Capital has raised $250M in capital commitments for its third fund, exceeding the private investment firm's $200M target.
The completion of Fund III will allow the company to continue to carry out its strategy to invest in middle-market firms in the aerospace, defense and government markets, Enlightenment Capital said Thursday.
Devin Talbott, managing partner and founder of Enlightenment Capital, said the company expresses its appreciation to new and current investors and will continue to help firms and management teams build up their efforts through Enlightenment's strategic investments.
Metric Point Capital supported Enlightenment's fundraising effort, while Hogan Lovells acted as legal counsel in the transaction.
Enlightenment closed its second fund in 2016, generating $147M in capital commitments.