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Alpine Investors closes oversubscribed ninth fund at $4.5bn hard cap

Alpine Investors, a Certified B-Corp private equity firm focused on investments in software and services companies, has completed fundraising for Alpine Investors IX at the fund’s hard cap of $4.5bn in limited partner capital commitments.

Alpine Investors (Alpine), a Certified B Corp private equity firm focused on investments in software and services companies, has completed fundraising for Alpine Investors IX (Fund IX) at the fund’s hard cap of $4.5bn in limited partner capital commitments.

Fund IX, which had an initial fundraising target of $3.75bn, 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 $2.25bn of limited partner commitments in August 2021.

Fund IX attracted LP commitments from a diverse investor base of returning and new investors from the US, Europe, Asia, and the Middle East. 

Alpine plans to invest the capital for Fund IX in control buyouts of software and services businesses with total enterprise values of up to $1 billion and focus on add-on acquisitions for high-performing platform investments.

Founded in 2001, Alpine Investors has over $15 billion in assets under management with more than 20,000 employees within its portfolio companies. 

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