Lightrock LLP
Buyout firm, running Growth Equity, based in London.
Composed from this firm's filed classification and location. It has no published description on record.
- PE fund assets
- $2.8B
- PE funds
- 4
- Investments held
- 0 of 12
13 additional team members, 10 additional funds, deals and LP commitments
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days. Last change: 31 Mar 2026, Private equity funds on its Form ADV went from 2 to 4 (+2).
People to know
View all people- Investment Team, PartnerWhy: Partner: part of the investment decisionProfile
- Investment Team, PartnerWhy: Partner: part of the investment decisionProfile
- Chief Executive OfficerWhy: Runs the firm (chief executive or president)No route on file yet
Capital path
who backs this record, through what, into what; each name opens its own path- Campbell Lutyens Sa (acting Through Local Agents Where Applicable)placement agent, 1 shared
- Campbell Lutyens & Co. Ltd (acting Through Local Agents Where Applicable)placement agent, 1 shared
Relationship network
34 connected entities
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Service provider
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- 4 of 4 distinct vehicles are sworn Private Equity Funds; 4 reported gross assets on a filing in 2022 or later
- Size band
- Middle marketdefined by: proxy: $2.79bn Private Equity Fund GAV on the Form ADV filed 2026-03-31
- Strategies
- Growth equity
Classification history (2)
- Sep 23, 2026Buyout firm (confirmed, 85%)4 of 4 distinct vehicles are sworn Private Equity Funds; 4 reported gross assets on a filing in 2022 or later
- Sep 13, 2026Buyout firm (confirmed, 85%)2 of 2 distinct vehicles are sworn Private Equity Funds; 2 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)4 PE funds · filed Mar 31, 2026ShowHide
- Adviser type
- Exempt reporting adviser
- Form ADV filings
- Oct 7, 2022 to Mar 31, 2026
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 4
- PE fund GAV, latest filing
- $2.8Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $2.8Bevery private fund type, latest filing
- 2024 PE fund GAV
- $2.8Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- Private equity fund: 4 funds, $2.8B reported gross assets
- Employees
- unknown
- Headquarters
- London, United Kingdom
Stated criteria beside observed behaviour4 of 8 criteria stated · 12 observed dealsShowHide
- Sectors
- Environmental services, technology, energy, food beverage, agriculture
- Geography
- North America, Europe, Latin America, Global
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- Minority
- Thesis
- Our funds invest in business models that aim to create lasting positive impact while delivering attractive returns for our investors.
- On record
- 12 companies, 12 holdings
- Most deals
- Tech enabled services (1 of 12, e.g. Liqid)
- Subsectors
- Data processing hosting (1 of 12)
- Deal roles
- 12 with role not stated
- Control
- 12 not stated
12 companies on the graph (0 transactions); most in tech enabled services (1); no dated observations
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.Lightrock Climate Impact Fund · 1 vehicle · vintage 2022$1.2B
- Lightrock Climate Impact Fund buyout or unlabelled$1.2B
Lightrock Growth Fund I S.A., Sicav-Raif · 1 vehicle$1.3B
- Lightrock Growth Fund I S.A., Sicav-Raif Growth fund$1.3B
Lightrock Solutions Fund · 1 vehicle$306M
- Lightrock Solutions Fund buyout or unlabelled$306M
Decision makers
- Ash Puri · Investment Team, PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- Christopher Steinau · Investment Team, PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- PAL Erik Sjatil · Chief Executive OfficerWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 2 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Team
Where the team comes fromEach row names its source in short; hover the source for its full description. Sources on this list: SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites); Investment organization websites (team, portfolio, strategy, criteria, news). A person named by two sources under two spellings is shown once, with both sources.- Chief Executive Officer · since Oct 1, 2020
- Investment Team, Partner
- Investment Team, Partner
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 12 portfolio relationships and 0 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| date unknown | Visby Medical | Portfolio relationship | Role unknown | exited | unknown | Fact Firm website |
| date unknown | Aerones | Portfolio relationship | Role unknown | exited | unknown | Fact Firm website |
| date unknown | Augury | Portfolio relationship | Role unknown | exited | unknown | Fact Firm website |
Placement agents, lenders, advisers and co-investors
- Campbell Lutyens Sa (acting Through Local Agents Where Applicable) 1 shared · one time · last Jan 1, 2022
- Campbell Lutyens & Co. Ltd (acting Through Local Agents Where Applicable) 1 shared · one time · last Jan 1, 2022
Placement agents by fund generation
| Agent | Funds | Years | Strategies | Latest generation |
|---|---|---|---|---|
| Campbell Lutyens Sa (acting Through Local Agents Where Applicable) | 1 | reported 2022 to 2023 | not stated | unknown |
| Campbell Lutyens & Co. Ltd (acting Through Local Agents Where Applicable) | 1 | reported 2022 to 2023 | not stated | unknown |
From Form ADV Schedule D, which names the placement agents on each private fund an adviser reports, year by year.
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.Events
- Aug 13, 2026Lightrock partially realises its investment in Kauvery Hospitals Opens in a new window
- Mar 31, 2026Lightrock LLP: Private Equity Funds on Form ADV 2 (2024 extract) -> 4 (roster 2026-09-01)
- Oct 7, 2022Lightrock LLP first filed Form ADV in the extract (ERA)
Record history
- Firm news2026-08-13source on record
- PE fund count changed2026-03-31source on record
- Adviser first ADV filing2022-10-07source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: regulatory AUM, deals, last 12 months.