Lightkeeper Secures Growth Investment from PSG

Lightkeeper, a prominent provider of data and analytics solutions for investment managers, announced it has received a growth investment from PSG, a leading growth equity firm focusing on software and technology-enabled services companies. This new capital infusion coincides with the appointment of Dean Schaffer, a seasoned professional in the investment software industry, as the new CEO of Lightkeeper. The appointment aims to leverage Schaffer's vast expertise in scaling investment technology firms to drive transformational growth for Lightkeeper. As part of this strategic move, Lightkeeper intends to bolster its product offerings and improve client services—key areas the company is focused on strengthening in response to evolving client demands. The deal also involves significant leadership changes within Lightkeeper, with co-founder Danny Dias transitioning to Chief Product Officer to lead product innovation efforts. PSG's investment is expected to help Lightkeeper accelerate its product roadmap, enabling the company to continue providing sophisticated analytics and insights to its clients, who collectively manage approximately $500 billion in assets under management. Legal advisements for this investment were provided by Weil, Gotshal & Manges LLP for PSG, and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. for Lightkeeper, while Houlihan Lokey acted as the financial advisor for Lightkeeper.