Kian Capital Partners, a lower mid-market private investment manager based in Atlanta and Charlotte, raised $400 million for its oversubscribed third fund – Kian Growth Partners III LP.

The fund’s investors include several founders of previous Kian Investments, along with traditional LPs like endowments, fund-of-funds and family offices.

While many emerging and smaller managers face a difficult fundraising environment, the close of the third fund comes at a time of significant momentum for Kian.

“With the close of our third fund, our growing team is well positioned to continue to create positive outcomes for business owners and LPs,” says David Duke, partner, business development. “The quality of our active deal pipeline remains strong, and we view the recent market dislocation as an opportunity given our flexible investment mandate.”

Founded in 2013, Kian has found a niche in the automotive aftermarket sector, recently announcing the exit of its investment in Motor City Industrial. Additionally, over the last 18 months, Kian has invested in four platforms, completed eleven add-on acquisitions, exited five investments and brought on four new team members.

Robinson, Bradshaw & Hinson PA acted as Kian’s legal advisor. Winston & Strawn acted as Kian’s regulatory counsel.