Alpine Investors has held a final close of its sixth fund, Alpine Investors VI, LP, at its hard cap with $532 million of capital commitments.
Alpine specializes in investing in high growth, founder-owned, lower middle market companies in the software and business services sectors. Typical targets will have from $5 million to $15 million of EBITDA. Since founding in 2001, Alpine has now raised over $1.4 billion of committed capital though six funds. The firm is based in San Francisco (www.alpine-investors.com).
Fundraising for Alpine VI officially launched at year end – the fund’s Form D was filed with the SEC on December 19th, 2016 – and was quickly oversubscribed. Fund VI has commitments from endowments, family offices, foundations, gatekeepers and pension plans.
“We are thrilled to have built such a wonderful base of high-caliber and like-minded investors,” said Graham Weaver, Managing Partner of Alpine. “We are excited to continue our strategy of delivering outstanding returns to our limited partners and building long-term relationships with our CEOs and management teams over multiple funds.”
Acalyx Advisors (www.acalyx.com) served as Alpine’s placement agent. “Alpine’s CEO-in-Residence strategy allows the firm to buy high quality businesses in need of institutional management, where competition is relatively scarce. This approach clearly resonated with investors,” said Jennifer Cho Rinehart, CEO of Acalyx Advisors.
© 2017 Private Equity Professional | June 19, 2017