Alpine Investors closes oversubscribed ninth fund at $4.5bn hard cap

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.

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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

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