Growth-oriented private equity firm Lone View Capital announced the closing of its inaugural fund, Lone View Capital Fund I. And Fund I closed with a total committed capital of $850 million, bringing Lone View’s assets under management to about $1.1 billion.
Fund I is backed by diverse, experienced investors, including university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies, and family offices.
Lone View’s team of seasoned investors and operators utilizes their expertise to partner with exceptional management teams to build, transform, and grow market-leading software, information services, and technology-enabled businesses. The firm was co-founded by Rishi Chandna and Doug Ceto, who worked closely together at Golden Gate Capital, where they led the Software & Services vertical. They were also joined by Jim Schaper (an experienced multi-time CEO and former Operating Executive at Golden Gate Capital).
So far, Fund I has completed platform investments in TREND Health Partners, a leader in credit balance management and payment accuracy solutions for healthcare payers and providers, and Smartlinx, a pioneer and leader in workforce management software for post-acute and long-term care facilities.
Kirkland & Ellis served as legal counsel for Fund I.
KEY QUOTES:
“We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential. We are grateful for our investors’ trust and support and are excited to generate long-term value by fostering the next generation of market-leading businesses.”
– Rishi Chandna, Managing Partner at Lone View
“For over a decade, Rishi, Jim and I have worked hand in hand alongside a talented team of technology investors and operators. We look forward to leveraging our consistent and highly focused approach to capitalize on this attractive market opportunity.”
– Doug Ceto, Partner at Lone View
“As a new firm, we have a unique opportunity to develop a more integrated – and more effective – partnership between investors and operators that can help our portfolio companies accelerate their value creation initiatives.”
– Jim Schaper, Senior Operating Partner at Lone View
