Black Dragon Capital, a private equity firm founded and led by a diverse manager and team investing in growth sectors disrupted by digitization, has closed its $386 million fundraise which included multiple forms of capital.

“We are pleased with the continued growth of Black Dragon Capital and its portfolio companies,” said Louis Hernandez Jr., founder and CEO of Black Dragon Capital. “I am building Black Dragon Capital the way I’ve built companies, with the best, most diverse teams, operationally skilled and focused on solving the most complicated industry problems in our targeted sectors. At our core, our entire team are business builders. Our unique industry relationships have resulted in proprietary deal flow and an ability to see opportunities that others may miss, generating well above market returns. I’m so proud of our team and the work that we’ve accomplished together.”

“We are excited and humbled by the trust and confidence of our investors and their continued financial support,” said Dan Consigli, CFO and partner at Black Dragon Capital. “We focus on complicated mid-market technology investments that are in high growth areas but disrupted by accelerated digitization, and navigating these opportunities successfully creates significant value.”