American Industrial Partners (AIP), a New York-based industrial-focused private equity firm, has closed its oversubscribed eighth fund, American Industrial Partners Capital Fund VIII, at its hard cap of $5bn in Limited Partner commitments.
Fund VIII secured support from the firm’s long-term existing investor base of pension plans, sovereign wealth funds, insurance companies, endowments, fund of funds, gatekeepers, and family offices, as well as new investors.
The new fund will follow AIP’s existing investment strategy, which primarily focuses on improving operations and growing the earnings of industrial companies by deploying the its operational and engineering capabilities.
The Acalyx Advisors team, who previously worked alongside AIP raising Funds IV, V, VI, and VII, together with Finex Hong Kong Limited, served as placement advisors for Fund VIII. Simpson Thacher & Bartlett LLP served as legal counsel to AIP for Fund VIII.
