Fund alert: Align Capital Partners raises $325m

The firm’s inaugural fund will target the lower-middle market.

Align Capital Partners Fund I has held a final close at its hard cap of $325 million, less than four months after launching the vehicle with a target of $250 million. The debut fund will invest in North American speciality manufacturing, distribution, and business services companies with less than $10 million of EBITDA.

Capstone Partners served as the placement agent, and Kirkland & Ellis provided legal counsel.