Godspeed collects $675M for its third fund
Gettyimages.com / Javier Ghersi
By
Ross Wilkers
The backer of Crimson Phoenix, SilverEdge and Special Aerospace Services unveils this new vehicle for more investments.
Godspeed Capital, a private equity firm with three government market holdings, has completed the raise for its third fund with $675 million in capital commitments from investors.
That amount is the hard cap for Godspeed Capital Fund III, which was closed in less than two months and brings the firm’s total of commitments to $1.1 billion since its 2021 inception.
“We look forward to continuing to partner with founder- and management-owned businesses operating across the defense and government sectors that have reached an inflection point in their growth trajectory,” Doug Lake, Godspeed’s founder and managing partner, said in a release Monday.
Godspeed’s active investments in the federal market include Crimson Phoenix, SilverEdge and Special Aerospace Services.
The firm’s network of investors includes endowments, foundations, health systems, public pension plans, family offices, fund of funds, advisers and consultants.
Lazard acted as exclusive placement agent for Godspeed Capital Fund III, while Davis Polk & Wardwell LLP worked as legal adviser.