A Fund Designed for Flexibility
Align Capital’s new strategy aims to support platform companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $2 million to $15 million.
According to the firm’s Thursday statement, the fund will target $10 million to $30 million equity investments per deal, offering flexible capital solutions to independent sponsors eager to capitalize on opportunities without waiting for traditional fundraising cycles.
“We are excited to have officially closed on our first fund exclusively dedicated to supporting sponsors that raise capital deal-by-deal,” said Michael Kornman, partner at Align Capital. “We believe our approach to this rapidly growing segment of private equity is truly distinctive.”
A Strong Advisory Team
The fund’s success was bolstered by the guidance of Kirkland & Ellis LLP, with partners Daniel McQuade and Michael Wester leading the legal team for Align Capital.
As private equity fundraising continues to evolve, Align Capital’s $233 million inaugural fund serves as a testament to the growing demand for deal-by-deal investing strategies—a model that is reshaping how capital is deployed in the lower-middle market.
