Alpine Investors, a San Francisco-based private equity firm, is marketing its fourth fund, sources familiar with the situation said. 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.
The firm is not using a placement agent and expects to hold a first close on November 1, one source said.
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.
Recent headlines include:
Hired Alex Rolfe, formerly of Bain & Co. and Golden Gate (August 2008)
Bought Lighting By Gregory (April 2008)
Backed Universal Acceptance (August 2007)
Anthony Salewski departs to join Genstar (April 2007)