BroadLight Capital launched a $225 million debut fund to invest in growth stage companies across consumer and technology sectors.
Co-founded by entertainment attorney Kevin Yorn, talent manager Rick Yorn and investment banker David Dorfman, BroadLight Capital will aim to leverage its connections and relationships across the media and entertainment ecosystem to help CEOs solve endemic issues around customer acquisition and engagement.
“BroadLight is a natural extension of the client-focused businesses that my brother Rick and I have each led for the past thirty years,” Kevin Yorn said. “We have introduced hundreds of high growth businesses and their founders to our network that extends beyond the global entertainment business and reaches entrepreneurs, creatives, investors and influencers of culture. BroadLight, its partners and our clients are now uniquely positioned to participate further in this differentiated deal flow. We are proud of what we have built, and we are so grateful for our existing and new relationships that make this exciting new chapter possible.”
Rick Yorn and Kevin Yorn are partnering with Dorfman, who has more than 22 years of investment and merchant banking experience and will serve as managing partner for BroadLight. Dorfman was previously the global head of technology, media and telecom investment banking at Macquarie Capital.
“After over two decades on Wall Street, the opportunity to launch a new firm with such a unique story was too exciting to pass up,” Dorfman said. “In combining the Yorn’s extraordinary network with a first-rate team of investment professionals and a fundamentals-based approach to underwriting, we believe we have the foundation to build something special.”
BroadLight also recruited former TCV and Wellington investor Landon Jaussi, who has joined the team as a partner.
