Investment Summary

Newlight Partners Invests In Pondurance

On October 27, 2020, private equity firm Newlight Partners invested in information technology company Pondurance

Investment Highlights
  • This is Newlight Partners’ 1st transaction in the Information Technology sector.
  • This is Newlight Partners’ 5th transaction in the United States.
  • This is Newlight Partners’ 1st transaction in Indiana.

Investment Summary
Date 2020-10-27
Target Pondurance
Sector Information Technology
Investor(s) Newlight Partners
Deal Type Growth Capital

Target

Pondurance

Indianapolis, Indiana, United States
Pondurance delivers managed detection and response services to industries facing the most pressing and dynamic cybersecurity challenges including ransomware, increasingly complex compliance requirements, and digital transformation accelerated by a distributed workforce. Pondurance was founded in 2008 and is based in Indianapolis, Indiana.

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Investor(S) 1

Investor

Newlight Partners

Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.

DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 1 of 1
Type (Growth Capital) 4 of 8
State (Indiana) 1 of 1
Country (United States) 5 of 9
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 Propeller Industries

New York City, New York, United States

Propeller Industries is a provider of financial and accounting services for venture-stage companies. Propeller Industries was founded in 2008 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Sail Internet

Palo Alto, California, United States

Sail Internet is a high-speed internet provider leveraging fiber and next-generation wireless infrastructure to serve homes and businesses. With fiber at the core of everything it does, Sail delivers high-speed internet to single-family homes, multifamily buildings, and businesses in the San Francisco Bay Area. The sail has no data caps for customer use and is net neutral. Sail Internet was founded in 2015 and is based in Palo Alto, California.

Buy -
Mergr

Product

Company

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