BayHawk closes inaugural fund at over $600m

BayHawk Capital, a Boston‑based private equity firm investing in founder-owned technology and essential services businesses, has closed its inaugural fund at $616m in total commitments. The firm was founded in 2024 by THL Partners veterans Jeff Swenson and Doug Haber.

The fund closed oversubscribed at its hard cap and above its original target of $475m, driven by strong support from a diverse investor base of leading endowments, institutions, family offices, and members of the firm’s network.

The fund is being actively deployed, with two platform investments completed to date. The firm says it has a well-developed pipeline of founder-owned companies that benefit from secular tailwinds, where it can serve as a differentiated partner in building scale through professionalisation and consolidation.

Monument Group, Inc served as the exclusive placement agent, and Kirkland & Ellis LLP served as legal counsel.

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