Kilonova Capital

Kilonova Capital advises institutional and qualified investors through pooled vehicles — special purpose vehicles (KC SPVs), direct investment vehicles (KC DIVs) and other pooled advisory accounts — providing growth capital and special situations financing focused on structured credit and structured equity for late‑stage technology and life science companies. Its advisory services are delivered pursuant to Advisory Client Agreements and other Governing Documents and it acts as an intermediary between companies seeking financing and investors seeking yield.

The firm’s investment approach emphasizes downside risk mitigation through deal structure and collateral, targeting companies with visible revenue streams and a typical 3–4 year liquidity horizon while seeking value creation through active diligence, structuring and post‑closing monitoring. Kilonova supplements its investment work with a proprietary deal database and a network of more than twenty‑five Operating Professionals who assist with sourcing, screening, diligence and operational support, and it may incorporate ESG factors into due diligence and monitoring.

Kilonova’s profile is noteworthy for the predominance of non‑discretionary mandates — it reported approximately $91,025,461 managed on a non‑discretionary basis as of December 31, 2024 — a structure that is less common among peers in this manager category. The firm also discloses consulting arrangements with an unaffiliated Consultee and frequently employs single‑company SPVs, co‑investment vehicles and investor‑specific side‑letter arrangements, resulting in governance and revenue features that vary across advisory clients and are set out in each client’s Governing Documents.