ALPINE INVESTORS COMPLETES OVERSUBSCRIBED 9TH FUND AT US$4.5 BLN

KUALA LUMPUR, July 13 (Bernama) -- Alpine Investors (Alpine), a Certified B Corp people-driven private equity firm announced the completion of fundraising for Alpine Investors IX (Fund IX), reaching the fund’s hard cap of US$4.5 billion in limited partner capital commitments. (US$1=RM4.61)

The fundraising for Fund IX launched with a target of US$3.75 billion and was oversubscribed, having received limited partner commitments from a diversified investor base of returning and new investors from the United States, Europe, Asia and the Middle East.

According to Alpine in a statement, Fund IX is double the size of Alpine’s previous fund, Alpine Investors VIII, which was similarly oversubscribed and closed at its hard cap of US$2.25 billion of limited partner commitments in August 2021.

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

Alpine Founder and Chief Executive Officer, Graham Weaver said the company is thrilled with this outcome, particularly in a very challenging fundraising environment.

“We started Alpine 22 years ago with the thesis that the secret to building companies was hiring and training world-class leaders. It is incredibly satisfying to think that treating people well and giving them opportunities to be their best selves at work has been the formula for our investing success.

“We are extremely grateful to have a wonderful group of like-minded investors and partners who have supported us along the way, and we are excited to continue this amazing journey together with them,” he said.

Alpine has been active in recent years across its software and services specialties through buyouts as well as the launch of several prominent platforms.

Notable investments include the successful expansion of ASG, Alpine’s software business; announcement of AlpineX’s professional education vertical and water services vertical; and formation of predictis, a data-enabled software platform launched in conjunction with the acquisition of AirDNA.

-- BERNAMA