KLH Capital (“KLH”) is pleased to announce it has completed fundraising for KLH Capital Fund III, L.P. (“Fund III”) with $155 million in committed capital. In addition, KLH is delighted to welcome Josh Kuder as the newest partner with the firm.
KLH launched Fund III earlier this year with $135 million of commitments in the first close. Fund III made its first investment in May 2016 with the recapitalization of BMI Merchandise, a distributor of redemption and prize merchandise to family entertainment centers across the country. “The final closing represents the strong confidence our limited partners have in our investment strategy and we are humbled to be investing on their behalf,” said Will Dowden, Partner. Beginning with Fund III, KLH will add minority equity investments to its investment approach providing increased flexibility to meet the goals of current and future company shareholders.
In conjunction with Fund III's closing, Josh Kuder joined KLH as a partner and will be an important part of the firm's expansion. Josh brings over fifteen years of investment experience in the lower middle market as a senior principal at private equity and mezzanine debt investment firms and will be responsible for sourcing, closing, and managing investments on behalf of the firm. “Josh will be a great asset for us as we expand our ability to provide solutions to management teams, entrepreneurs, and business owners,” explained James Darnell, Partner. “He has a great track record as an investor and leader in the lower middle market, and is the perfect fit to round out our team.”