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Kayne Partners raises USD385m for latest growth private equity fund

Kayne Partners has held the final close of its latest growth private equity fund, Kayne Partners Fund IV at its hard cap of USD385 million.

The fund maintains the same focus as its three predecessor funds in providing growth capital to exceptional entrepreneurs and management teams of high growth enterprise software and technology-enabled businesses, and is primarily focused on companies serving the security & compliance, supply chain & logistics, business & financial services, industrials, healthcare and media & telecom industries.
 
Kayne Partners’ total cumulative commitments have now reached over USD740 million since inception.
 
“We are thrilled by the overwhelmingly positive market feedback we received from investors wanting access to high growth technology companies. This interest is an acknowledgement of our Kayne Partners’ investment strategy and a testament to the strength of our team,” says Dave Walsh, Managing Partner. “We are grateful for the trust and support from our existing long-time investors, and are excited to welcome a new group of premier LPs from the family office, registered investment advisor, and institutional investor communities.”
 
The new fund will be Kayne Partners’ largest since inception. The team will continue to invest USD5 to USD30 million in lower middle market companies with USD5 to USD40 million of revenue, primarily located across North America. Kayne Partners IV has already partnered with three management teams and has a strong pipeline of attractive investment opportunities. Each of the fund’s current portfolio companies has experienced management, a significant client base of blue-chip companies, and offers innovative solutions to real-world challenges.

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