KLH Capital Partners Closes Oversubscribed Fund V at $400 Million Hard Cap
June 29, 2023 – 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 V, L.P. (the “Fund”) at its hard cap, receiving $400 million in limited partner commitments.
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 incredibly pleased with the immense support received from both existing and new limited partners amidst a challenging fundraising environment”, said Will Dowden, Managing Partner of KLH. “Our team looks forward to continuing to partner with lower middle market businesses where we can transform these companies by professionalizing and strategically repositioning them for their next level of growth”, commented James Darnell, Managing Partner of KLH.
Acalyx Advisors Inc. (“Acalyx”) served as exclusive placement advisor.
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 companies with an emphasis on specialty services and value-added distribution. KLH seeks to pursue companies with a history of profitability that have reached a point of inflection whereby they can either continue operating with a moderate degree of organic growth, or they can align with a value-added partners such as KLH to accelerate their development. 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. The firm is led by respected industry veterans whose relationships date back together over the last two decades. Since inception, the Acalyx team has collectively engaged in over 40+ fundraises and raised over $26.5bn across several strategies, including buyout, special situations, and credit. For additional information, please visit www.acalyx.com.