Lightsail Capital is an investment management firm whose mission is to find small companies with great potential before they are recognized by the market, and to support them with stable, patient capital as they grow. Our focus is on public companies, but our approach is rooted in the long-term, hands-on practice of venture capital.
During the third quarter of 2019, Lightsail Partners produced a gain of 0.8% net of fees. This compares to a loss of 2.4% in the Russell 2000 index, and a gain of 1.7% in the S&P 500 index.
At the end of September, we participated in a private investment in the public equity of a software company headquartered in a developed market abroad.