Alpine Holds Third Close

Alpine Investors has held a third close on its fourth fund, raising $85.6 million, according to a regulatory filing. The San Francisco-based private equity firm entered the market in September 2008 with its fourth fund, seeking to raise $175 million target with a $205 million hard cap, a slight jump the firm’s third fund. Alpine Investors III closed in March 2007 with $125 million in commitments.