Godspeed Capital wraps up second investment program at $250m

• Godspeed Capital previously raised $155 million in capital commitments for its inaugural investment program, which closed in 2021
• Lazard Frères & Co. LLC served as placement agent
• Godspeed Capital invests in lower middle-market defense & government services, solutions, and technology

Godspeed Capital has closed its second investment program at $250 million, beating its $185 million target.

Investment Program II’s backers include East Rock Capital, LLC, a U.S. public pension fund, family offices, and financial institutions representing endowment and foundation clients.

Godspeed Capital previously raised $155 million in capital commitments for its inaugural program, Godspeed Capital Investment Program I, which closed in 2021.

The oversubscribed program was raised in less than six months.

Godspeed Capital was launched in April 2021.

“We are proud to partner with these leading institutional investors and are grateful for the confidence they have placed in our team as we execute our strategy of collaborating with founders, entrepreneurs, and management teams across the defense and government services sectors,” said Douglas T. Lake Jr., founder and managing partner of Godspeed Capital in a statement. “We are thrilled with our initial investments and look forward to continuing to execute our strategy on behalf of our investors and partners and to growing our portfolio of leading companies.”

Lazard Frères & Co. LLC served as placement agent, and Davis Polk & Wardwell LLP served as legal counsel in the formation of Godspeed Capital Investment Program II.

Based in Washington, D.C., Godspeed Capital invests in lower middle-market defense & government services, solutions, and technology.