Align’s First Fund Hits Hardcap
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Align’s First Fund Hits Hardcap

align capital nf1Align Capital Partners has held a first and final close of its inaugural private equity investment fund, Align Capital Partners Fund I, LP and Align Capital Partners Fund I-A, LP. Align began fundraising in June 2016 with an initial target of $250 million and closed at its hard cap of $325 million.

stephen dyke nf1“We are grateful for the tremendous demand for our first fund from an impressive investor base and appreciative of their support in the successful launch of Align Capital Partners,” said Steve Dyke, a Managing Partners at Align Capital Partners. “Our experienced team and focused investment strategy attracted a diverse group of high quality investors in a short amount of time.”

Align Capital Partners (ACP) makes control investments in companies that have from $3 million to $10 million of EBITDA. Sectors of interest include specialty manufacturing, distribution and business services. The firm was founded in 2016 by managing partners Steve Dyke, Robert Langley, and Chris Jones – all formerly of The Riverside Company – and has offices in Cleveland and Dallas (www.aligncp.com).

chris jones nf1“The lower-middle market continues to be a very attractive segment,” said Mr. Jones. “It offers significant opportunities to partner financially and strategically with growing companies to take them to the next level and achieve their growth goals.”

langley bf1“At Align Capital Partners, we leverage our relationships and network of operating resources to achieve common growth goals with management teams at lower-middle market specialty manufacturing, distribution, and business services companies,” said Mr. Langley. “We look forward to putting the fund to work and bringing our experience, resources and approach to bear to help build additional value in growing businesses.”

Capstone Partners (www.capstonepartnerslp.com) was Align’s exclusive placement agent for this fundraise. Kirkland & Ellis (www.kirkland.com) provided legal counsel.

© 2016 Private Equity Professional • 9-20-16

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