Brighton Park’s New Fund Exceeds Target With $1.8 Billion Raise

Brighton Park Capital, the growth-equity firm led by General Atlantic alum Mark Dzialga, has closed its second fund and it’s oversubscribed with $1.8 billion in capital commitments, according to a statement reviewed by Bloomberg News.

Similar to its predecessor fund, Brighton Park Capital Fund II LP will invest in early stage software, health care and technology-enabled services industries. The fund, which had targeted $1.5 billion, received financial support from existing and new investors including endowments and foundations, public and corporate pension funds, family offices and financial institutions.

“Brighton Park navigated the software meltdown that has been experienced in ...