Luminate Capital Partners has closed Luminate Capital Partners III at $1 billion, its hard cap.
The software-focused middle-market buyout fund closed well above its fundraising target of $700 million, a spokesman said in an email.
The previous fund, Luminate Capital Partners II, closed at $425 million in 2018.
Investors include the $164.9 billion Washington State Investment Board, Olympia, and the Oregon Investment Council, which oversees the $83.4 billion Oregon Public Employees Retirement Fund, Tigard.
