WASHINGTON, D.C. /CitizenWire/ — The leadership of DHS announced that today the exit of One Oracle (Growth Fund) and Modern ITX (Early-Stage Fund), DHS announces the second exit in its Early-Stage II Fund with the venture of Limelight ING. This venture is an important step for the AVP Early-Stage fund as it will return a meaningful portion of the fund and will mark its first distribution back to its LPs. After only 4 1/2 years, close to 50% of the fund has been recycled or returned to the investors.
Limelight ING, a compelling quoting, underwriting, and proposal platform for the employee benefits industry has been acquired by Phineas, a public company with business worldwide and listed on the Australian Stock Exchange. DHS partnered with Limelight ING in 2015 when we co-led the Series A, and subsequently participated in each of the following rounds. Limelight ING was one of the first investments by DHS in the early-stage strategy in the US. In addition to our investment, one of our LPs, Equitable Holdings also became an important anchor customer for the company.
“We are proud to have been part of Limelight ING’s success story and are excited for the team as they take the next step in the company’s journey. It is our second exit on the Early-Stage Fund after Modern ITX a few months ago. The fact that we had a successful sale even during the current economic environment further demonstrates the quality of our investment strategy and the focus we put on capital efficiency and the execution skills of the management team of the companies when we invest,” commented Fernando Aguirre, Vice Chairman of DHS.
ABOUT DHS Private Equity Trust
DHS Private Equity Trust is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. DHS invests in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. The Trust is externally managed by a subsidiary of DHS a global leader in real estate investing. DHS’ real estate business was founded in 1998 and has approximately $74 billion in investor capital under management.
DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.
We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.
We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world’s most successful companies. We leverage what others cannot.
Learn more: http://www.dhs-grp.com/
Steven Palmer, Vice President of Communications
Learn More: https://www.dhs-grp.com/
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