In a bold move that signals a shift in private equity dynamics, Align Capital Partners has successfully closed its first-ever independent sponsor-focused fund, raising $233 million—far exceeding its initial $150 million goal.
The fund, named Align Collaborate Fund I LP, launched in late 2023 and finalized its closing on Wednesday, marking a milestone for the firm as it deepens its commitment to deal-by-deal investing.
A Changing Landscape in Private Equity
Unlike traditional private equity funds that amass capital upfront to invest directly into portfolio companies, Align Capital is targeting a rapidly growing sector: independent sponsor professionals—investors who secure funding on an as-needed basis rather than through a pre-committed pool.
“We are constantly looking for ways to innovate, yet stay true to our lower-middle market investing roots,” said Rob Langley, co-founder and managing partner of Align Capital. “Align Collaborate is a great addition to the firm, and we are grateful for our investors’ support.”
This strategy allows Align Capital to move quickly and provide value beyond just capital, catering to the unique needs of independent sponsors who operate outside the constraints of traditional fund structures.
