Private investment firm L2 Point Management (L2 Point) has successfully closed its inaugural structured equity fund, L2 Point Opportunities I (the fund), with approximately $312m in capital commitments, surpassing its original $300m target.
With an investor base comprising leading institutions, including public pension plans, foundations, insurance companies, funds of funds, and high-net worth individuals, the fund’s capital, together with capital raised by L2 Point for related co-investment vehicles, totals nearly $460m.
L2 Point is a woman- and Latina-owned and led business founded by Managing Partner and Chief Investment Officer Kerstin Dittmar that has raised more than $500m of capital commitments since its inception.
According to a press statement, the San Francisco-based firm provides capital solutions for growth companies in the technology, technology-enabled, consumer, healthcare, and media sectors, aiming to “mitigate downside risk for investors through structural protections and contractual returns, while also offering meaningful upside potential through equity participation”.
PJT Park Hill served as placement agent to L2 Point in connection with the fundraise. Proskauer Rose LLP served as legal counsel.
