Updated:
Lafayette Digital Acquisition Corp. I
Lafayette Digital Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in 2023 under the leadership of Chairman and CEO...
Lafayette Digital Acquisition Corp. I
Lafayette Digital Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in 2023 under the leadership of Chairman and CEO Patrick J. Healy. Healy, formerly a Managing Director in Credit Suisse's Technology Group, structured the vehicle to capitalize on a cohort of mature private technology companies that faced a challenging IPO market. The entity is domiciled in the Cayman Islands with operational roots in Los Altos, California. The SPAC raised $100 million in its initial public offering in December 2023, listing on the Nasdaq under the ticker LDACU. Its stated mandate concentrates on enterprise software, artificial intelligence, and adjacent digital infrastructure sectors globally, with a primary emphasis on North American and European targets. The trust structure gives the sponsor 18 to 24 months to complete a business combination, with founder shares subject to performance-based vesting tied to deal completion. Healy assembled a board that includes Issa Khoury, former CEO of Kenandy and an ERP software veteran, and Einar A. Lindh, an advisor with cross-border deal experience in Nordic and US markets. The sponsor team committed $3 million in at-risk capital to fund working capital and search costs. The vehicle remains in its active search phase, a structure that exposes public shareholders to management's selection risk while providing a redemption option. The vehicle's structural differentiator rests on its sponsor's pairing of bulge-bracket tech M&A execution with a concentrated sponsor-alignment model. Unlike multi-sector SPACs that hunt broadly for any profitable target, Lafayette's mandate forces a narrow aperture around enterprise IT infrastructure. This thesis-driven posture means the sponsor's economics depend on sourcing a deal within a domain they can credibly diligence, rather than chasing yield in an unfamiliar regulated industry.
General information
Firm type
Fund of Funds
Year founded
2023
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Altos
Corporate office
Los Altos, CA, United States
Principals
Patrick J. Healy
Chairman and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Lafayette Digital Acquisition Corp. I?
Patrick J. Healy serves as Chairman and CEO. Healy was a Managing Director at Credit Suisse for nearly two decades, where he focused on M&A and capital raising for technology companies. The board includes Issa Khoury, a veteran of enterprise resource planning software, and Einar Lindh, who contributes cross-border deal expertise. Together they form the investment committee that evaluates and executes any business combination.
What investment stages or company profiles does Lafayette target?
The SPAC targets late-stage private technology companies, typically those with proven commercial traction that might otherwise pursue a traditional IPO. The stated focus encompasses enterprise software, artificial intelligence, and digital infrastructure. No specific revenue or EBITDA thresholds are mandated in the trust agreement, giving the sponsor flexibility to evaluate targets at varying points of maturity.
How is sponsor capital aligned with public shareholders?
The sponsor team committed $3 million in at-risk capital to fund organizational and search expenses. Founder shares are subject to transfer restrictions and performance-based vesting that requires a successful business combination. The sponsor does not receive any cash compensation from the trust, and their promote is paid solely in equity in the post-combination entity, per the firm's SEC filings.
What is the timeline for Lafayette to complete a deal?
Under the terms of the trust, the SPAC has 18 months from the December 2023 IPO to identify and complete a business combination, extendable to 24 months under certain conditions. If no deal is completed, the trust liquidates and returns funds to public shareholders. This creates a hard deadline that shapes the sponsor's negotiation dynamics.
Which sectors does Lafayette explicitly avoid?
Lafayette's IPO prospectus frames its mandate around enterprise software and digital infrastructure; it does not explicitly carve out avoided sectors. However, the narrow thesis and management's professional backgrounds make a pivot into unrelated industries such as natural resources, hospitality, or pharmaceuticals unlikely without a substantial strategic reframing that would require shareholder approval, per public record.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: