Knox Lane, a growth-oriented investment firm, announces the final close of its second institutional fund, KLC Fund II (“KLC II”), with $1 billion in total commitments, exceeding its target of $850 million and meeting its hard cap. The oversubscribed fund received significant support from existing and new investors and saw a 46% increase in fund size over Knox Lane’s first fund, which was $610 million. Knox Lane has completed eight platform investments and approximately 40 add-on acquisitions, including two investments out of KLC II – Guardian Fire Services, a leading provider of fire and life safety services; and All Star Healthcare Solutions, a premier, full-service healthcare staffing firm focused exclusively on the locum tenens market.
Read the full article: Knox Lane Closes Oversubscribed Second Fund at $1B Hard Cap //
Source: https://www.prnewswire.com/news-releases/knox-lane-closes-oversubscribed-second-fund-at-1-billion-hard-cap-302210327.html