Alpine Investors, the California private equity firm, completed a $260 million closing of its Alpine Investors IV LP fund and its Alpine Investors IV SBIC fund to make equity investments and mezzanine deals. Existing assets include home furnishing and marketing investments, among others.
San Francisco, CA – January 27, 2011 – Alpine Investors, a San Francisco based private equity firm, announced the closing of Alpine Investors IV, LP and Alpine Investors IV SBIC, LP, buy-out and growth mezzanine debt and equity funds with $260 million of total committed capital.
Alpine looks for growing companies in consumer, technology and businesses services, and partners with existing management to create and exploit growth opportunities. Alpine’s capital typically is used to provide liquidity to owners and/or fuel business expansion. Industries in which Alpine has previously made investments include software as a service (SaaS), gaming equipment, ATMs, financial services, consumer products, on-line retail and on-line education.
Alpine’s founder, Graham Weaver, said, “One of our core competitive advantages is derived from our time horizon; we think and act long term. This mindset enables us to focus on truly building companies as opposed to trading them. We are fortunate to have a group of limited partners who share this view and allow us to act accordingly.”
A portion of Alpine’s $260 million of committed capital is in Alpine Investors IV SBIC, LP, an affiliate of Alpine Investors IV which has committed debt financing from the U.S. Small Business Administration (“SBA”) and has been licensed as a Small Business Investment Company. “Our partners at the SBA have been fantastic. They share our goal of helping to truly build great US-based companies. We look forward to working in partnership with them,” said Weaver.