Kinderhook Industries, LLC (“Kinderhook”), a leading middle market private equity firm, announced the closing of a Continuation Fund capitalized by AlpInvest Partners (“AlpInvest”), a subsidiary of global investment firm Carlyle (NASDAQ: CG), and a leading group of limited partners. The Continuation Fund was established to acquire the nine portfolio companies in Kinderhook’s fourth and fifth funds. The $1.3 billion Continuation Fund includes $300 million of unfunded capital to drive organic growth initiatives and strategic acquisitions at these companies. Founded in 2003, Kinderhook Industries specializes in middle-market control investments in the healthcare services, environmental / business services and automotive / light manufacturing sectors.
Read the full article: Kinderhook Industries Announces $1.3B Continuation Fund with Assets from Two Funds in Partnership with AlpInvest //
Source: https://www.carlyle.com/media-room/news-release-archive/kinderhook-industries-announces-13-billion-continuation-fund-with-assets-from-two-funds-in-partnership-with-alpinvest