BayHawk Capital Closes Inaugural Fund at $616 Million

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BayHawk Capital announced on February 4, 2026 the final close of its inaugural fund, BayHawk Capital Fund I, at $616 million in total commitments. The Boston-based private equity firm, which focuses on founder-owned technology and essential services businesses, closed the fund oversubscribed at its hard cap, exceeding its original $475 million target.

Founded in 2024 by former THL Partners veterans Jeff Swenson and Doug Haber, BayHawk brings together a team with deep sector expertise and a hands-on approach to partnering with founders to scale durable, high-growth businesses.

Fund I attracted strong backing from a diverse investor base that includes leading endowments, institutional investors, family offices, and longstanding members of the BayHawk network. The oversubscribed close reflects broad support for the firm’s differentiated strategy and partnership-driven investment model.

The fund is already being actively deployed, with two platform investments completed to date. BayHawk has developed a robust pipeline of founder-owned companies positioned to benefit from secular growth trends, where the firm believes it can accelerate value creation through professionalization initiatives and strategic consolidation.

“We are thrilled to announce the close of our inaugural fund and are grateful for the confidence our limited partners have placed in our team,” said Jeff Swenson, Managing Partner at BayHawk Capital. “The strong investor support reflects alignment around our culture, values and partnership-driven approach to investing. We are excited to continue building durable businesses of significant scale alongside exceptional founders and leadership teams.”

Doug Haber, Managing Partner at BayHawk Capital, added: “Our strategy combines a thematic sourcing model driven by deep sector specialization with an operational value-add approach that has consistently unlocked value in founder-owned companies. With Fund I, we believe we are well positioned to pursue compelling opportunities where our experience and resources can meaningfully accelerate growth and professionalization.”

Monument Group served as exclusive placement agent for Fund I, and Kirkland & Ellis acted as legal counsel.


About BayHawk Capital

BayHawk Capital is a Boston-based private equity firm dedicated to partnering with founder-owned technology and essential services businesses, investing $25 to $150 million of equity per opportunity. The firm’s sector expertise, combined with a track record of operational value creation, positions BayHawk as a trusted partner for companies seeking to scale and thrive in today’s competitive landscape. For more information, please visit www.bayhawkcapital.com.

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