Liberty Hall Closes Continuation Fund for Comply365

Charleston, SC-based private equity firm Liberty Hall Capital Partners announced in an October 17 press release that it has closed its continuation fund for Comply365, its affiliate aviation, defense, and rail industries compliance platform.

The fund will be used to continue growth strategies for Comply 365 with Liberty Hall’s backing, with growth equity tech investor Lead Edge Capital Management as lead investor. Comply365’s governance structure is unaffected by the transaction, with venture and private equity firm Insight Partners remaining as equal investor alongside Liberty Hall.

Liberty Hall said it has invested in seven platform and 12 add-on acquisitions in aerospace and defense businesses, representing over $1B in equity capital after the continuation fund’s close.

Houlihan Lokey acted as financial advisor and Gibson, Dunn & Crutcher LLP as legal counsel to Liberty Hall, while Goodwin Procter LLP provided legal counsel to Lead Edge.

View the press release here.

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!