Brighton Park Capital Completes Eighth Platform Investment as Part of Its $1.1 Billion Fund
Technology industry veterans’ fund focuses on growth-stage software and technology-enabled businesses
GREENWICH, CT, April 1, 2021 – Brighton Park Capital Management, L.P. (“Brighton Park”) today announced the successful completion of its third investment in 2021. This milestone expands Brighton Park’s portfolio to eight platform investments, the latest of which include: OPSWAT, a cybersecurity company focused on protecting critical infrastructure; NuORDER, a leading wholesale eCommerce platform; and Indegene, an enterprise healthtech solutions provider. The firm has completed five additional investments since July 2019, including:
- AppViewX, a leader in low code network automation.
- Relatient, a patient engagement software company.
- Glassbox, a leading digital experience analytics provider for web and mobile applications.
- Paradox, an AI platform focused on automating the recruiting, hiring and onboarding processes.
- RocketReach, a leading sales enablement data provider.
Brighton Park is a research-driven investment firm focused on growth-stage software, information services, technology-enabled business services and healthcare IT companies. The firm’s partner group brings over 75 years’ cumulative experience leading, investing and working with high-growth technology companies – complemented by a robust Senior Advisor Group of C-level professionals from some of the world’s most successful and respected companies – providing extraordinary resources to help portfolio companies excel.
In November of 2020, Brighton Park completed the raise of $1.1 billion in capital commitments for its flagship fund, Brighton Park Capital Fund I, L.P. (“BPC I”). BPC I was oversubscribed and closed at its hard cap, marking one of the largest first-time North American private equity funds raised in the last five years**. The firm’s limited partners include a diverse group of endowments and foundations, family offices, insurance companies and public and corporate pension funds from North America and around the world.
“We founded Brighton Park with the goal of leveraging our deep experience and domain expertise to become the leading, trusted resource for entrepreneurs and management teams looking to build world-class companies,” said Mark Dzialga, CEO and Managing Partner. “The successful close of our first eight investments is a testament to our team’s ability to marry deep investment acumen, operating expertise and long-term orientation to support the unique needs of our portfolio companies.”
“Entrepreneurs are looking for strategic, operational support to make their vision a reality,” said Mike Gregoire, Partner. “The experiences and relationships our team brings from their decades in software development, sales effectiveness, recruiting and product management will be instrumental in helping our portfolio companies establish and sustain global leadership positions in the markets they serve.”
Kirkland & Ellis LLP served as legal adviser for BPC I and Lazard served as placement agent for certain limited partners.
About Brighton Park Capital
Brighton Park is a Greenwich, CT-based investment firm that specializes in software, information services, technology-enabled business services and healthcare. The firm seeks to invest in companies that provide highly innovative solutions and to partner with great management teams. Brighton Park brings purpose-built value-add capabilities that match the unique requirements of each of its companies. For more information about Brighton Park, please visit www.bpc.com.
Media Contacts
Jenny Gore / Emily Claffey / Julie Rudnick
Sard Verbinnen & Co
BrightonPark-SVC@sardverb.com
*Senior Advisor Group members are not employees, members, or partners of Brighton Park. Senior Advisory Group members may have equity and/or carried interests in any investment made by the Fund. Certain Senior Advisory Group members are paid by a combination of Brighton Park and Brighton Park portfolio companies. Any compensation (including fees, incentive equity, or other stock awards) or other amounts (including travel expenses and other costs) paid and/or reimbursed by a Brighton Park portfolio company, prospective portfolio company, or the Fund to a Senior Advisory Group member will typically not result in offsets to or reductions of the management fee of the Fund.
**Source: Preqin, accessed November 2020.
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