Godspeed Capital Management LP – a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm – announced today the final close of Godspeed Capital Fund III LP with $675 million of total investor capital commitments at the fund’s hard cap. And in combination with the firm’s predecessor funds, Godspeed Capital has raised over $1.1 billion in capital commitments since its inception in 2021.
This oversubscribed Fund III was raised in less than two months and received strong support – well over the fund’s hard cap – from a diversified range of new and existing institutional investors globally, such as leading endowments, foundations, health systems, public pension plans, family offices, fund of funds, advisors, and consultants.
Through Fund III, Godspeed Capital will continue pursuing its disciplined investment strategy of partnering with founders and management teams of companies operating across the Defense and Government sectors to drive growth and create value through strategic initiatives, operational improvements, technology investments, and add-on acquisitions. And since its founding, Godspeed Capital has executed 33 investments and established eight platform businesses through its proven buy-and-build strategy that each operate with a unique area of focus at the intersection of the public and private sectors. Earlier this year, Godspeed Capital completed the sale of two of its platform companies, MOREgroup and Stratus Team.
Lazard acted as exclusive placement agent and Davis Polk & Wardwell served as legal adviser to Godspeed Capital for Fund III.
KEY QUOTES:
“We are thrilled with the strong support we have received from both existing and new investors for Fund III. Their commitment is both a testament to the hard work of the entire Godspeed Capital team and a reflection of their conviction in our proven investment strategy.”
“Following the successful close of Fund III, we look forward to continuing to partner with founder- and management-owned businesses operating across the Defense & Government sectors that have reached an inflection point in their growth trajectory. Godspeed Capital’s differentiated, partner-friendly investment approach – bolstered by our core values, deep sector expertise and relationships, growth-oriented playbook, long-term vision, and creative capital solutions – make our firm an ideal partner for management teams seeking to catalyze the next chapter of growth for their companies.”
– Douglas T. Lake, Jr., Founder & Managing Partner of Godspeed Capital
