We advised Godspeed Capital on the fundraise and related matters for Godspeed Capital Fund III

Davis Polk advised Godspeed Capital Management LP in connection with the formation, fundraise and related matters for Godspeed Capital Fund III LP (together with its parallel fund, “Godspeed Capital Fund III”).  Godspeed Capital Fund III held its final closing on October 28, 2024, with $675 million in commitments, above the firm’s $550 million target and meeting its hard cap.  The oversubscribed Godspeed Capital Fund III was raised in less than two months and received strong support – well in excess of its hard cap – from a diversified range of new and existing institutional investors globally. The sum also exceeds the size of Godspeed’s prior investment programs, which have raised $425 million since Godspeed Capital’s 2021 inception.

Godspeed Capital, founded by Douglas T. Lake Jr., is a lower-middle-market defense and government services, solutions and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with sector expertise, operational insight and flexible capital for growth.  Through Godspeed Capital Fund III, Godspeed Capital will continue to pursue its disciplined investment strategy of partnering with founders and management teams of companies operating across the defense and government sectors to drive growth and create value through strategic initiatives, operational improvements, technology investments and add-on acquisitions.

The Davis Polk investment management team included partner Michael S. Hong and associates June Han, Tianye Zhang, Jonathan P. Jackson, Marc Schwab and Jack Kim. Partner Ethan R. Goldman, counsel Liang Zhang and associate Michael Mirabella provided tax advice. Counsel Charles Shi provided ERISA advice.  All members of the Davis Polk team are based in the New York office.

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