Align Capital Partners announced the closings of two new funds totaling more than $1.1 billion in commitments. The firm closed Align Capital Partners Fund IV with $770 million in commitments and Align Collaborate Fund II with $375 million in commitments. Both funds reached their hard caps after Align began fundraising in April 2026 and completed the final close on June 15, 2026.
The Align team is collectively the largest investor across the two funds, reinforcing alignment between the firm, its investors, and portfolio companies.
Since its founding in 2016, Align has invested in 40 platform companies, completed 145 add-on acquisitions, and exited 13 investments. The firm said it remains one of the most active buy-and-build specialists in the lower-middle market, averaging more than three completed add-on acquisitions per platform.
Align Capital Partners Fund IV continues the firm’s private equity strategy focused on control investments in differentiated lower-middle-market companies across business services, technology, specialty manufacturing, and distribution.
Align Collaborate Fund II builds on the firm’s independent sponsor-focused strategy. The platform launched in late 2023 and invests in independent sponsor-led transactions as well as transactions led by lower-middle-market sponsors that are pre-fund or between funds. Through its inaugural $233 million fund, Align Collaborate has co-invested in seven platform investments with seven different sponsors.
Align’s private equity funds have grown from its $325 million Fund I in 2016 to $450 million for Fund II in 2020 and $620 million for Fund III in 2022. With the latest closings, Align has raised approximately $3.2 billion in committed capital since its founding.
Support: Kirkland & Ellis served as fund formation counsel for both strategies.
KEY QUOTES:
“As we reflect on our Firm’s ten-year milestone, our private equity strategy has remained consistent and tailored to the lower-middle market.”
“We continue to target high-quality platforms and drive value creation through investing in impactful growth resources and employing an active add-on acquisition strategy across the portfolio.”
Chris Jones, Co-Founder and Managing Partner of Align Capital Partners
“Align Collaborate II reflects the continued momentum of our independent sponsor strategy and the strong market demand for a dedicated, solutions-oriented equity investor.”
“We are grateful for our investors’ partnership and confidence in our approach, which combines differentiated strategies designed to unlock the breadth of opportunity across the lower-middle market.”
Rob Langley, Co-Founder and Managing Partner of Align Capital Partners
