Growth-oriented investment firm Knox Lane announced the final closing of its second institutional fund KLC Fund II (KLC II), with $1 billion in total commitments, surpassing 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 closing of KLC II, Knox Lane now manages approximately $3 billion.
KLC II will continue Knox Lane’s strategy of partnering with differentiated businesses within attractive end-markets where the team has experience and can utilize the firm’s hands-on engagement model to help businesses and management teams optimize operations and accelerate transformational growth.
Knox Lane has also completed eight platform investments and about 40 add-on acquisitions, including two investments out of KLC II: 1.) Guardian Fire Services (a leading provider of fire and life safety services) and 2.) All Star Healthcare Solutions (a 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 also recently made a number of senior appointments to its team, now comprising 25 full-time professionals and 12 industry advisors. Recent appointments includes
— 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
— Robert He, Vice President, formerly an investment professional at GI Partners
Kirkland & Ellis LLP served as legal counsel.
KEY QUOTES:
“We are extremely grateful for the overwhelming support we received from both existing and new limited partners. 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.”
- John Bailey, Managing Partner at Knox Lane
“We thank our investors for their continued partnership and support, and we are looking forward to the many opportunities ahead of us.”
- Shamik Patel, Partner at Knox Lane
