
Private Equity Firm Align Capital Partners Closes Fund III at $620M
Align Capital Partners, a private equity firm that invests in lower middle-market companies, closed its third fund at $620 million, exceeding its initial target of $550 million.
ACP raised its latest oversubscribed fund in just two months with the support of existing investors and a substantial personal commitment from the team.
Align Capital Partners’ first $325 million fund closed in September 2016, followed by a $450 million Fund II in February 2020.
ACP has invested in 18 platform companies, completed over 60 add-on acquisitions and exited six investments over the past six years.
Capstone Partners served as the exclusive placement agency for ACP III, and Kirkland & Ellis LLP provided legal counsel.
