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Alternative Assets  + Private Equity  | 
BroadLight Capital Raises $225M for Debut Growth Fund

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.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.