Kayne Partners has held a final close of Kayne Partners Fund IV LP at the hard cap of $385 million.
Fund IV, which was substantially oversubscribed, will maintain the same focus as its three predecessor funds in providing growth capital of $5 million to $30 million to entrepreneurs and management teams of high growth enterprise software and technology-enabled businesses. Typical target investments will be based in North America and have $5 million to $40 million of revenue. Sectors of interest include security & compliance, supply chain & logistics, business & financial services, industrials, healthcare and media & telecom.
“We are thrilled by the overwhelmingly positive market feedback we received from investors wanting access to high growth technology companies. This interest is an acknowledgment of our Kayne Partners’ investment strategy and a testament to the strength of our team,” said Dave Walsh, Managing Partner. “We are grateful for the trust and support from our existing long-time investors, and are excited to welcome a new group of premier limited partners from the family office, registered investment advisor, and institutional investor communities.”
The closing of Fund IV brings Kayne Partners’ total cumulative commitments to over $740 million since inception. The new fund has already closed on three investments and Kayne Partners now has 20 active portfolio companies.
Kayne Partners (www.kaynepartners.com) is the growth private equity group of Kayne Anderson Capital Advisors, an alternative investment firm with $24.5 billion in assets under management. The firm focuses on niche investing in energy, energy infrastructure, growth equity, specialty real estate and middle market credit. Kayne Anderson Capital Advisors was founded in 1984 and is headquartered in Los Angeles with offices in Boca Raton, Houston, New York, Chicago, Denver, Dallas and Atlanta (www.KayneCapital.com).
© 2017 Private Equity Professional | October 26, 2017