Lone View Capital racks up $850m for debut fund

• The fund’s limited partners include university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies and family offices
• As a result of this fundraising, Lone View now has about $1.1 billion assets under management
• Kirkland & Ellis LLP served as legal counsel for Fund I

Lone View Capital has closed its inaugural fund at $850 million.

Lone View Capital Fund I will invest in technology businesses.

The fund’s limited partners include university endowments, sovereign wealth funds, charitable foundations, pension funds, asset managers, insurance companies and family offices.

As a result of this fundraising, Lone View now has about $1.1 billion assets under management.

Lone View was co-founded by Rishi Chandna and Doug Ceto, who worked closely together at Golden Gate Capital, where they led the software & services vertical. They were also joined by Jim Schaper, an experienced multi-time CEO and former operating executive at Golden Gate Capital.

“We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential,” said Chandna in a statement. “We are grateful for our investors’ trust and support and are excited to generate long-term value by fostering the next generation of market-leading businesses.”

Kirkland & Ellis LLP served as legal counsel for Fund I.

Based in Los Angeles, Lone View invests in the tech ecosystem.