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Alternative Market Briefing

Align Capital Partners races to a $450m hard cap close of its private equity fund

Thursday, February 20, 2020

Laxman Pai, Opalesque Asia:

US-based private equity firm Align Capital Partners (ACP) has announced closing its second investment fund at $450 million, 12.5% higher than its target size of $400 million.

ACP began raising the fund - featuring Align Capital Partners Fund II LP and Align Capital Partners Fund II-A LP, which collectively comprise ACP II - just four months ago.

With the closing of ACP II, Align Capital Partners has raised more than $775 million since the firm's founding in 2016.

Led by Managing Partners Steve Dyke, Rob Langley, and Chris Jones, ACP remains dedicated to the lower middle market with a tailored, growth-focused approach for companies with less than $150m of enterprise value.

The Dallas, TX, and Cleveland, OH-based private equity firm is continuing to invest in B2B business services, specialty manufacturing, and value-added distribution companies with attractive core attributes and strong growth potential.

"ACP has built our brand around being disciplined growth investors in the true lower middle market, and we continue to believe in the potential it offers," said Co-Founder and Managing Partner Rob Langley.

Rob added: "There is no change to our focus in ACP II. Our willingness to start small and aggressively invest in a company's people, processes, and systems have resulted in a distinctive portfolio in ACP I that we're proud to own."

Align Capital Partners' inaugural $325 million fund closed in September 2016 after just four......................

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