Alpine Investors, a Certified B Corp private equity firm focused on investments in software and services companies, has completed fundraising for Alpine Investors IX (Fund IX) at the fund’s hard cap of $4.5bn in limited partner capital commitments.
Fund IX, which had an initial fundraising target of $3.75bn, was oversubscribed. The new fund is double the size of Alpine’s previous vehicle, Alpine Investors VIII, which was also oversubscribed and closed at its hard cap of $2.25bn of limited partner commitments in August 2021.
Fund IX attracted LP commitments from a diverse investor base of returning and new investors from the US, Europe, Asia, and the Middle East.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Alpine plans to invest the capital for Fund IX in control buyouts of software and services businesses with total enterprise values of up to $1bn and focus on add-on acquisitions for high-performing platform investments.
Founded in 2001, Alpine Investors has over $15bn in assets under management with more than 20,000 employees within its portfolio companies.
Source: Private Equity Wire
Can’t stop reading? Read more
Top private equity news of the week
Top private equity news of the week Harvard University is advancing plans to sell approximately...
Edmond de Rothschild launches private equity fund of funds under Eltif 2.0 to expand private investor access
Edmond de Rothschild launches private equity fund of funds under Eltif 2.0 to expand private...
Private equity firms advance bids for Poundland as sale process accelerates
Private equity firms advance bids for Poundland as sale process accelerates The sale of high...