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Laxman Pai, Opalesque Asia: Align Capital Partners (ACP), a growth-oriented private equity firm, has closed its third private equity investment fund, Align Capital Partners Fund III, at $620 million, 12.7% higher than its target size of $550 million.
ACP raised its latest oversubscribed fund in just two months with the support of existing investors and a substantial personal commitment from the team.
According to a media release, with the closing of ACP III, Align Capital Partners has raised approximately $1.4 billion since the Firm's founding in 2016.
"Over the past six years, ACP has invested in 18 platform companies, completed over 60 add-on acquisitions, and exited six investments. ACP has helped increase its portfolio companies' revenue through organic growth initiatives and by closing an average of over three add-ons per platform," it said.
Co-Founder and Managing Partner Rob Langley said: "On the heels of our successful exits over the past 18 months, we remain energized by the partnership opportunities and growth potential that exists in the lower-middle market. We have managed our fund size growth to remain fully committed to that segment of the private equity market."
ACP takes a disciplined, growth-focused approach toward investing in lower-middle market companies with up to $15 million of EBITDA, said the release. The Firm has added 11 people to the team since ACP Fund II closed, allowing ACP to effectively partner with even more portfolio comp...................... To view our full article Click here
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