Kingswood Capital Hits $1.5B Final Close in 90 Days

Kingswood Capital Management, L.P., a private equity firm based in Los Angeles that specializes in middle-market corporate buyouts, announced that Kingswood Capital Opportunities Fund III, L.P. closed at $1.5 billion.

The fund has a 5% general partner commitment, and the fundraising process was quick, taking roughly 90 days. The closing raised Kingswood’s total assets under management to around $3.2 billion. The previous vintage of the fund raised $620 million in January 2023, whereas the firm’s first fund closed with $320 million in February 2021.

The firm seeks controlling interests or minority positions with significant control rights in companies with operational improvement potential in the services, consumer, industrial, and distribution sectors.

Kingswood invests between $50 million and $150 million, with the potential for greater investments through co-investment opportunities. The firm favors family and founder-owned enterprises, corporate carve-outs, and special situations, focusing on companies with at least $100 million in revenue, regardless of EBITDA status.

“With Fund III, we will continue our differentiated investment strategy of seeking out opportunities for asymmetric upside that other firms often overlook, while preserving downside protection and leveraging our network to attract and apply deep operational expertise,” said Alex Wolf, managing partner of Kingswood.