Alpine Investors, a San Francisco-based private equity firm, has held a second close on its fourth fund, according to an SEC filing. Since its launch in September, has gathered $45.25 million in commitments from 10 investors.
Almost a year ago, peHUB reported that the effort has a $175 million target with a $205 million hard cap, a slight jump over Alpine’s last fund. Alpine Investors III closed in March 2007 with $125 million in commitments.
Alpine invests in companies with greater than $2 million in EBITDA in a variety of industries. The firm was formed in 2001 by Graham Weaver, a former partner with Oak Hill Capital. Prior deals include the purchase of Lighting By Gregory in April of 2008 and YLighting in September 2008.