KLH Capital Partners Closes Fund IV at $200 Million Hard Cap in Less than Two Months
July 11, 2019 | For immediate release
KLH Capital Partners (“KLH”), a Tampa, Florida based private equity firm focused on making value-oriented investments in the lower middle-market, held a final close on KLH Capital Fund IV, L.P. (the “Fund”) at its hard cap, receiving $200 million in limited partner commitments in less than two months from the official launch.
The Fund, which was oversubscribed, attracted a diverse group of global investors, including leading endowments, foundations, family offices, fund of funds, insurance and pension plans.
“We are thrilled with the overwhelming support we’ve received from both existing and new blue-chip limited partners, as well as the efficiency of the fundraise process”, said Will Dowden, Partner of KLH. “Our team looks forward to continuing to partner with lower middle market businesses where we can utilize our core strengths to help achieve the next level of growth”, commented James Darnell, Partner of KLH.
Acalyx Advisors Inc. (“Acalyx”) served as exclusive placement advisor. “KLH’s rigorous sourcing process and proven track record of unlocking value certainly resonated with limited partners in today’s congested fundraising market”, noted Joe McDonald, Partner at Acalyx.
Kirkland & Ellis LLP served as legal counsel to KLH.
About KLH Capital Partners
Based in Tampa, FL, KLH Capital seeks to make investments in fundamentally stable, lower middle-market specialty services and value-added distribution businesses with a history of profitability and identifiable areas where KLH’s unique value creation levers can affect change and accelerate growth. For additional information, please visit www.klhcapital.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. With offices in New York and San Francisco, the firm is led by seasoned professionals who have collectively raised and advised on over $90 billion over the last 18 years across a number of strategies, including buyout, special situations and credit. For additional information, please visit www.acalyx.com.
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