San Francisco-based Alpine Investors, a private equity firm that invests in lower middle market companies in the software and business services, has closed its oversubscribed sixth fund at a hard cap of $532 million. The limited partners of Alpine VI include endowments, family offices, foundations and pension plans. Acalyx Advisors was the placement adviser while Hogan Lovells provided legal counsel to Alpine.
Alpine Investors (“Alpine”), a San Francisco based private equity firm specializing in high growth, founder-owned, lower middle market companies in software and business services, announced the final closing of its sixth fund, Alpine Investors VI, LP, (“Alpine VI” or the “Fund”) at its hard cap of $532 million of capital commitments.
Alpine VI officially launched at year end and was quickly oversubscribed. The Fund has significantly expanded its investor base garnering demand from leading endowments, family offices, foundations, gatekeepers and pension plans.
“We are thrilled to have built such a wonderful base of high-caliber and like-minded investors,” commented Graham Weaver, Managing Partner of Alpine. “We are excited to continue our strategy of delivering outstanding returns to our limited partners and building long-term relationships with our CEOs and management teams over multiple funds.”
“Alpine’s CEO-in-Residence strategy allows the firm to buy high quality businesses in need of institutional management, where competition is relatively scarce. This approach clearly resonated with investors,” said Jennifer Cho Rinehart, CEO of Acalyx Advisors, which served as exclusive placement advisor.
Hogan Lovells served as legal counsel to Alpine.
About Alpine Investors
Alpine focuses on investing in North America-based, high growth companies primarily in the services, software, and online sectors. Alpine seeks to make control investments in founder-owned companies in the lower middle market, where the Firm can deploy best in class management at close of an investment to effect meaningful operational improvements, drive revenue growth and implement strategic add-on acquisitions. For additional information, visit www.alpine-investors.com.
About Acalyx Advisors
Acalyx is a highly selective independent firm specializing in advisory, private placement and investor relations for leading alternative asset management firms around the globe. With offices in New York and San Francisco, the firm is led by a seasoned team of senior professionals who have collectively raised and advised on over $80 billion in private equity over the last 15 years. Prior to establishing Acalyx, the team worked together for over a decade serving as a trusted advisor to General Partners raising private equity funds from institutional investors across a number of strategies, including buyout, special situations and cit. For additional information, visit www.acalyx.com.