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Lone View raises $850m for inaugural fund

Lone View Capital, an LA-based private equity firm investing in the technology sector, has held final close of its inaugural fund, Lone View Capital Fund I with total committed capital of $850m, bringing the firm’s AUM to approximately $1.1bn.

Fund I was backed by university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies and family offices.

To date, Fund I has completed platform investments in TREND Health Partners, a provider of credit balance management and payment accuracy solutions for healthcare payers and providers, and Smartlinx, a workforce management software provider for post-acute and long-term care facilities.

Kirkland & Ellis served as legal counsel for Fund I.

Lone View Capital was founded in 2022 by Managing Partner Rishi Chandna and Partner Doug Ceto, who previously worked together at San Francisco-based private equity firm Golden Gate Capital, where they led the software & services vertical.

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