Alpine Investors, a Certified B Corp firm focused on investments in software and services companies, has closed its ninth fund, Alpine Investors IX, at the fund’s hard cap of $4.5 billion.
Fund IX, which had an initial fundraising target of $3.75 billion, was oversubscribed.
The new fund is double the size of Alpine’s previous vehicle, Alpine Investors VIII, which was also oversubscribed and closed at its hard cap of $2.25 billion of limited partner commitments in August 2021.
The strong demand for Fund IX is a testament to Alpine’s track record of success.
The firm has a long history of investing in and building software and services companies, and its portfolio companies have consistently outperformed the market.
Alpine’s investors include leading institutional investors such as pension funds, endowments, and family offices.
With Fund IX, Alpine plans to continue its focus on investing in software and services companies. The firm is targeting companies that are leaders in their respective markets and have the potential for significant growth. Alpine also plans to invest in companies that are committed to sustainability and social responsibility.
We are excited to close Fund IX at the hard cap,” said Alpine Investors Managing Partner David A. Roux. The strong demand for the fund is a validation of our investment strategy and our team’s track record. We look forward to using Fund IX to invest in and build the next generation of software and services leaders.”
Alpine Investors is a leading private equity firm with over $10 billion in assets under management.
The firm has offices in San Francisco, New York, and London.
Here are some of the reasons why Alpine Investors was able to close Fund IX at the hard cap:
The firm has a long history of success: Alpine Investors has a long track record of investing in and building software and services companies. Its portfolio companies have consistently outperformed the market.
The firm has a strong team: Alpine Investors has a team of experienced investment professionals with a deep understanding of the software and services industry.
The firm is targeting attractive sectors: Alpine Investors is targeting attractive sectors, such as cloud computing, artificial intelligence, and cybersecurity. These sectors are expected to grow significantly in the coming years.
The firm is offering attractive terms: Alpine Investors is offering attractive terms to its investors, such as a high-water mark provision and a carry kicker.
The closing of Fund IX is a significant milestone for Alpine Investors. The firm is well-positioned to continue its success in the years to come.
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