Newlight Partners Makes Equity Investment in Propeller Industries

Newlight Partners Makes Growth Investment in Constellation

February 1, 2023

Cloud & SaaS

Constellation, a New York–based verticalized SaaS platform for highly regulated industries, received a significant growth equity investment from Newlight Partners LP to accelerate expansion into new industries and support strategic acquisitions. The financing will fund Constellation’s growth across automotive, pharmaceutical, and financial sectors while enhancing its proprietary marketing compliance technology and service offerings.

Newlight Partners Makes Equity Investment in Sail Internet

November 1, 2020

Telecommunications

Affiliates of Newlight Partners LP have made an undisclosed equity investment in Sail Internet, a San Francisco Bay Area fiber- and wireless-based high-speed internet provider. The capital will support Sail’s network expansion across the Bay Area and enable growth through organic initiatives and potential strategic acquisitions; existing investors including Ulu Ventures, Engineering Capital and Better Ventures are maintaining their stakes.

Newlight Partners LP Makes $106M Growth Investment in Bioenergy DevCo

August 8, 2019

Renewable Energy

Bioenergy DevCo, a developer and operator of anaerobic digestion facilities, received a $106 million minority growth investment from Newlight Partners LP. The capital will be used to expand Bioenergy DevCo's operational footprint across North America to build and operate additional renewable natural gas and organics-recycling facilities.

Hartzell Propeller Acquires WhirlWind Propellers

April 25, 2024

Aerospace & Defense

Hartzell Propeller, a portfolio company of Arcline Investment Management, has acquired WhirlWind Propellers Corporation to expand its product offering into light‑sport, experimental and unmanned aircraft markets. WhirlWind's founder Jim Rust will join Hartzell to support rapid prototyping and composite systems development.

LoneTree Capital Makes $23M Growth Investment in Northern Light Group

January 7, 2025

Cloud & SaaS

LoneTree Capital has made a $23 million growth investment in Boston-based Northern Light Group to accelerate product innovation and scale its enterprise knowledge management platform globally. As part of the investment, LoneTree partners Mike Devine, Rhett Lambert and Peter Bozian will join Northern Light's board; terms were not disclosed.

Newlight Partners Invests in Zing Health

May 18, 2020

Healthcare Services

Newlight Partners LP has made a significant equity investment in Zing Health Holdings, a physician-led Medicare Advantage HMO headquartered in Chicago. Newlight anticipates investing up to $150 million to help Zing Health scale membership, enhance integrated service offerings and support its shift toward value-based managed care.