BroadLight Capital Raises $225M for Debut Growth Fund
BroadLight Capital, a Los Angeles-based private equity firm launched by entertainment industry veterans Kevin Yorn and Rick Yorn and investment banker David Dorfman, raised $225 million for its debut growth fund targeting growth stage consumer and tech companies.
The Yorn brothers’ entertainment advisory firms, LBI Entertainment and Yorn Levine, represent major names in film, television, sports and music. The broad relationships across media and entertainment can “help CEOs solve endemic issues around customer acquisition and engagement,” said the firm, which was founded in 2021.
Its investments so far include Zapp, a London based commerce delivery platform; MoonPay, a crypto payment infrastructure company; and Merama, a Latin American e-commerce platform.
Dorfman previously spent more than a decade with Macquarie Group, as global head of technology, media and telecoms, while Kevin Yorn is a prominent entertainment attorney, and his brother Rick Yorn is a talent manager.
In addition to the fund, BroadLight recruited former TCV and Wellington investor Landon Jaussi, who has joined the team as a Partner.
About 90% of the fund is currently undeployed, the firm said.