Searchlight Capital Partners LP has closed its second fund with more than $1.9 billion in committed capital, surpassing the $860 million fund the firm raised for its first fund in 2012.
“We remain committed to creating value within our partner companies by providing thoughtful strategic direction and flexible capital,” says Searchlight partner Erol Uzumeri. The firm has offices in New York, London and Toronto. Earlier in 2015, Searchlight invested in touch-screen jukebox maker TouchTunes. Some of the firm's other portfolio holdings include apparel companies Hunter Boot and Roots.
Searchlight was founded in 2010 by Uzumeri, Oliver Haarmann and Eric Zinterhofer, who are former Ontario Teachers’ Pension Plan, Kohlberg Kravis Roberts & Co. (NYSE: KKR ) and Apollo Global Management LLC (NYSE: APO) executives, respectively. You can read more about Searchlight’s history here.
Latham & Watkins LLP represented Searchlight and Park Hill Group was the firm’s placement agent.