San Francisco-based investment firm Knox Lane has held the final close of its second institutional fund, KLC Fund II, with $1bn in total capital commitments, exceeding its target of $850bn and hitting its hard cap.
The oversubscribed fund received support from existing and new investors and saw a 46% increase in fund size over Knox Lane’s first fund, which was $610m. With the close of KLC II, Knox Lane now manages approximately $3bn.
Knox Lane has so far completed eight platform investments and approximately 40 add-on acquisitions, including two investments out of KLC II – Guardian Fire Services, a provider of fire and life safety services; and All Star Healthcare Solutions, a healthcare staffing firm focused on the locum tenens market.
To support its portfolio and strategy, Knox Lane recently made a number of senior appointments to its team, which now comprises 25 full-time professionals and 12 industry advisors.
