Enlightenment Capital to raise $125m sophomore fund

The defense-focused GP is back in market with a mid-market debt and equity fund.

Maryland-based Enlightenment Capital is going to market with its second fund, according to regulatory filings. The fund looks to be targeting $125 million.

Enlightenment Capital closed its first fund in 2012 on $80 million, just shy of its $100 million target. The firm makes middle market investments largely in defense and aerospace companies. Enlightenment provides debt and equity investments of between $5 million and $20 million.

Enlightenment Capital was unavailable for comment at press time.

Enlightenment was founded in 2012 by Devin Talbott and Pierre Chao.

Enlightenment's advisors include retired Marine Corps Gen. James Cartwright, a former vice chairman of the Joint Chiefs of Staff; Brett Lambert, former deputy assistant secretary of defense for manufacturing and industrial base policy; and Ken Krieg, former undersecretary of defense for acquisition, technology and logistics.

The firm was most recently in the news for its investment in The Diplomat Group, a provider of logistics, transportation services, commercial and government construction services, program management, facilities operations and maintenance, and base operations support. Terms of the transaction were not disclosed. 

Other investments include PhaseOne Consulting, PIXIA and Vanguard Space Technologies.