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Enlightenment Capital

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Enlightenment Capital is a Washington, DC area-based private investment firm focusing on investments in middle-market companies operating in the aerospace, defense, government, and technology sector. The firm invests through a range of structures, including majority and minority equity investments and structured capital solutions.[1][2]

History

Enlightenment Capital was founded in 2012 by Devin Talbott.[3][4]

Since its founding, Enlightenment Capital has raised multiple private equity funds to support its investment strategy[5]. In 2022, the firm closed Enlightenment Capital Solutions Fund IV with approximately $540 million in investor commitments, representing a significant increase in scale compared to prior funds.[6][7]

In November 2024, Enlightenment Capital announced the closing of Enlightenment Capital Solutions Fund V, L.P., raising approximately $825 million in total commitments. The fund was reported as oversubscribed and exceeded its original fundraising target, making it the firm’s largest fund to date.[8][9][10]

As of late 2024, regulatory filings and third-party analytics estimate that Enlightenment Capital manages approximately $2.3 billion in assets under management across its fund platform and related investment vehicles.[11]

Investment Strategy

Enlightenment Capital focuses on investments in the aerospace, defense, government, and technology sector. The firm targets businesses providing mission-critical products and services, including cybersecurity, data analytics, intelligence support, aerospace systems, and technology-enabled professional services.[1] [2]

References

  1. 1.0 1.1 "Enlightenment Capital Investor Profile". Pitchbook.
  2. 2.0 2.1 "Enlightenment Capital Investment Portfolio". Mergr.
  3. "Devin Talbott - Wikipedia". Wikipedia.
  4. Mitchell, Billy (2014-02-06). "Enlightenment Capital Raises $80M in First Fund". The Washington Business Journal.
  5. Bach, James (2011-11-01). "Enlightenment Capital closes $147 million fund for aerospace and defense deals". The Washington Business Journal.
  6. "Enlightenment Capital wraps up fourth fund at $540m". Buyouts.
  7. "Enlightenment Closes 4th Fund With $540M in Capital Commitments". GovCon Wire.
  8. Hansen, Drew (2024-11-19). "Enlightenment Capital closes fifth fund — its largest ever". Washington Business Journal.
  9. "Enlightenment Capital Raises $825M at Close of Fifth Capital Solutions Fund". dakota.
  10. "Enlightenment Capital Unveils Fifth Fund, Raises $825M". Washington Technology.
  11. "Enlightenment Capital – Form ADV Profile". Radient Analytics.

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