LightBay Capital Raises $615 Million for Debut Private Equity FundOversubscribed Fund Exceeds $450 Million Target in Eight-Month Fundraise LOS ANGELES, January 4, 2018-- LightBay Capital (“LightBay”), a Los Angeles-based private equity firm focused on middle-market opportunities, today announced that it has successfully completed fundraising for its inaugural institutional fund, LightBay Investment Partners LP (the “Fund”), with total committed capital of $615 million. The oversubscribed Fund, which LightBay officially began marketing in April 2017, exceeded its target of $450 million with commitments from a diverse investor group, which includes leading family offices, foundations, fund of funds, insurers, pension plans, and LightBay professionals.