BayHawk Capital, a Boston-based private equity firm focused on founder-owned technology and essential services businesses, has closed its inaugural fund, BayHawk Capital Fund I, with $616 million in total commitments. The fund closed oversubscribed at its hard cap and exceeded its original $475 million target, supported by a mix of endowments, institutions, family offices, and long-standing members of the firm’s network.
Founded in 2024 by THL Partners veterans Jeff Swenson and Doug Haber, BayHawk is positioning Fund I as a vehicle to back founder-led companies benefiting from secular tailwinds, with an emphasis on building scale through professionalization and consolidation. The firm said the fund is already being deployed, with two platform investments completed and an active pipeline of founder-owned opportunities.
Support: Monument Group served as exclusive placement agent for Fund I, and Kirkland & Ellis served as legal counsel.
KEY QUOTES:
“We are thrilled to announce the close of our inaugural fund and are grateful for the confidence our limited partners have placed in our team. The strong investor support reflects alignment around our culture, values and partnership-driven approach to investing. We are excited to continue building durable businesses of significant scale alongside exceptional founders and leadership teams.”
Jeff Swenson, Managing Partner, BayHawk Capital
“Our strategy combines a thematic sourcing model driven by deep sector specialization with an approach to operational value-add that has been demonstrated to unlock value in founder-owned companies. With Fund I, we believe we are well positioned to pursue compelling opportunities where our experience and resources can meaningfully accelerate growth and professionalization.”
Doug Haber, Managing Partner, BayHawk Capital
