Align Capital Partners closes sophomore fund

The Riverside-spinout has raised its hard-cap of $450 million.

  • Fund name: Align Capital Partners Fund II
  • Amount raised: $450 million
  • Target size: $400 million
  • Hard-cap: $450 million
  • Stage of fundraising: Final close
  • Final close date: February 2020
  • Time on the road: 3 months
  • Predecessor fund: Align Capital Partners Fund I ($325 million)
  • Transaction size: $20 million to $50 million
  • Number of investors in the fund: ca. 20

Align Capital Partners has closed its second fund after only 3 months on the road. Align Capital Partners Fund II will make control investments in businesses with EBITDA of $3 million to $10 million and that have profiles of 30 percent-plus gross margins. The firm was formed though a spin-out from The Riverside Company in 2016.