KLH Capital Partners, L.P. (“KLH”), a Tampa, FL-based private equity firm, is pleased to announce the final closing of KLH Capital Fund V, L.P. (“Fund V” or the “Fund”). The Fund was oversubscribed, hitting its hard cap of $400 million, reflecting strong demand for KLH’s strategy and attracting a diverse group of global investors, including endowments, foundations, family offices, fund of funds, insurance, and pension plans.
The Fund will continue KLH’s established strategy of serving management teams and families by making majority and minority equity investments into specialty service, value-added distribution, and niche manufacturing companies earning between $4mm and $20mm of EBITDA.
“We are elated with the overwhelming support we’ve received from both existing and new limited partners. The successful fundraise in today’s climate demonstrates the growth of our firm, our focus and expertise within our business models of interest, and our ability to work collaboratively with our portfolio leaders to continue to deliver strong returns for our investors,” said Will Dowden, Managing Partner of KLH.
In preparation of raising Fund V, KLH further bolstered its team to twenty-one total investment professionals consisting of a dedicated and internal originations team, underwriting and portfolio management team, and six-man operations team, each possessing unique, highly value-add skillsets desired by our portfolio leaders.
“Our team looks forward to continuing to be the partner of choice amongst entrepreneurs and management teams. These entrepreneurs are seeking the resources necessary to unlock value in their businesses by aligning themselves with like-minded partners who they want to work with, and who can help them grow their businesses to the next level,” commented James Darnell, Managing Partner of KLH.
Acalyx Advisors Inc. served as exclusive placement advisor to KLH. Kirkland & Ellis LLP served as legal counsel to KLH.