Huron Capital Partners LLC, a lower middle-market private equity firm, said it invested a "significant" amount of equity in WD Lab Grown Diamonds.
WD Lab provides laboratory-grown diamonds for the jewelry, scientific and industrial markets. It will use the investment to bolster its capacity in the gem and industrial markets, while building its partnership base.
WD Lab co-owners Clive Hill and Yarden Tsach will remain significant stockholders and continue as CEO and chief technology officer of the company, respectively.
TM Capital was financial adviser to WD Lab in the transaction.