KKR Expands Investment in Lighthouse Learning; PSP Investments Joins

PSG Makes Growth Investment in Lightkeeper

March 14, 2025

Cloud & SaaS

PSG, a growth equity firm, has made a growth investment in Lightkeeper to accelerate product innovation and strengthen client service. As part of the transaction, PSG Senior Advisor Dean Schaffer was appointed CEO while Lightkeeper’s senior management remains in place and Danny Dias transitions to Chief Product Officer.

KKR, Ontario Teachers' and PSP Investments Acquire Spark Infrastructure

December 22, 2021

Utilities

A consortium of KKR, Ontario Teachers' Pension Plan Board and PSP Investments completed an all-cash acquisition of Spark Infrastructure for approximately A$5.2 billion. The deal, which received all regulatory approvals, gives the investors ownership of Spark's stakes in SA Power Networks, Victoria Power Networks (Citipower and Powercor), a stake in TransGrid and the Bomen Solar Farm as they seek to support Australia’s transition to low-carbon electricity infrastructure.

MindPlay Education Acquires LightSail Education

March 21, 2023

Education

MindPlay Education, a portfolio company of New Harbor Capital, has acquired LightSail Education, a K-12 digital literacy and reading platform. The deal expands MindPlay's digital literacy offerings by adding LightSail's library, assessment capabilities, and engagement features to MindPlay's instructional products for schools nationwide.

KKR Invests $410M Growth Capital in NetSPI

October 5, 2022

Cybersecurity

KKR is increasing its investment in NetSPI with a $410 million growth funding round to support the company's technology innovation, talent acquisition, and global expansion while recapitalizing NetSPI's first institutional investor, Sunstone Partners. The funding comes from KKR's Technology Growth strategy and follows prior investments in NetSPI as the company scales its PTaaS, Attack Surface Management, and related offensive security offerings.

Investcorp and PSP Investments Recapitalize CrossCountry Consulting

December 6, 2022

Consulting

Investcorp, together with Public Sector Pension Investment Board (PSP Investments), acquired a majority stake in CrossCountry Consulting in a recapitalization transaction; RLH Equity Partners reinvested and CrossCountry founders remain significant shareholders. The capital injection is intended to accelerate CrossCountry's geographic expansion, broaden service offerings (including technology-enabled advisory and cybersecurity), and support add-on acquisitions.

Providence Equity Partners Majority Investment in Accelerate Learning

February 21, 2023

Education

Providence Equity Partners has made a majority investment in Accelerate Learning, a Houston-based provider of K-12 STEM curriculum and digital learning platforms. Existing investors including funds managed by Carlyle, Quad Partners, Rice University and Owl Ventures will retain minority stakes; financial terms were not disclosed. The investment is intended to help Accelerate Learning scale growth, deepen customer relationships and pursue organic and inorganic expansion opportunities.