SAN
FRANCISCO, July 31, 2024 /PRNewswire/ -- Knox
Lane, a growth-oriented investment firm, today announced 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. With the close of KLC
II, Knox Lane now manages approximately $3
billion.
KLC II will continue Knox Lane's focused strategy of partnering
with differentiated businesses within attractive end-markets where
the team has deep experience and can utilize the firm's hands-on
engagement model to help businesses and management teams optimize
operations and accelerate transformational growth.
"We are extremely grateful for the overwhelming support we
received from both existing and new limited partners," said
John Bailey, Managing Partner at
Knox Lane. "This milestone is a testament to our differentiated
strategy, talented team and proven value-creation playbook, which
together have enabled Knox Lane to drive growth and deliver strong
results."
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.
To support its expanding portfolio and the successful execution
of its strategy, Knox Lane recently made a number of senior
appointments to its team, now comprising 25 full-time professionals
and 12 industry advisors. Recent appointments include:
- Bek Chee, Head of Talent,
formerly Head of Talent at Atlassian and Chief People Officer at
TCV;
- Ryan Buntain, Head of
Investor Relations, formerly Managing Director and Senior
Relationship Manager at Carlyle;
- Chris Barry, Vice
President, formerly an investment professional at Genstar Capital;
and
- Robert He, Vice
President, formerly an investment professional at GI Partners.
"We thank our investors for their continued partnership and
support, and we are looking forward to the many opportunities ahead
of us," said Shamik Patel, Partner
at Knox Lane.
Kirkland & Ellis LLP served as legal counsel.
About Knox Lane
Based in San Francisco, Knox Lane is a growth-oriented
investment firm comprised of a team of accomplished investors and
operators with a shared work history and a strong track record of
partnering with leading companies to accelerate transformational
growth. Knox Lane employs an investor-operator mindset
and seeks to provide support across a number of business
components, including human capital, brand management, end-to-end
digital transformation, sourcing, supply chain and logistics,
strategic acquisitions and business development. For more
information, please visit www.knoxlane.com.
Media Contact
Woomi Yun
/ Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
View original
content:https://www.prnewswire.com/news-releases/knox-lane-closes-oversubscribed-second-fund-at-1-billion-hard-cap-302210327.html
SOURCE Knox Lane