Chevy Chase, Maryland-based Enlightenment Capital has raised $540 million from existing and new investors for the government market investment company’s fourth fund.
The Fund IV capital was oversubscribed above its original cap of $500 million and target of $350 million, the company said Tuesday.
Metric Point Capital served as the exclusive placement agent for the fundraising activity and Hogan Lovells acted as the legal counsel.
Devin Talbott, founder and managing partner of Enlightenment Capital, said the firm remains focused on establishing partnerships between its management teams and investors.
Jason Rigoli, an Enlightenment Capital partner, noted that the company intends to continue helping government-focused businesses that support the national security mission.
