Allied Industrial Partners Closes Oversubscribed Inaugural Fund at $300 Million Hard Cap

Whats Happening:

Allied Industrial Partners, a Texas-based private equity firm, has closed its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP, at its $300 million hard cap. The fund surpassed its initial target of $250 million due to investor demand. With this closing, Allied has raised more than $1 billion in just six years, marking a significant milestone for the firm.

Key Moves:

• Allied closes debut fund at $300 million hard cap, surpassing $250 million target

• Fund I expected to be over 70% deployed and allocated by year-end 2025

• Allied has made seven platform investments and 30 add-ons to date

By The Numbers:

• Allied has raised more than $1 billion in just six years

• More than 10% of Fund I was committed by Allied's senior team

• Allied deployed over $200 million of equity across five investments between November 2020 and December 2023

Key Quotes:

• "Allied was founded on the principle of applying deep operational expertise to high-growth industrial businesses, and we are grateful for the trust and support of our investors and other supporters," said co-founders and Managing Partners Bradford Rossi and Philip Wright.

• "Fund I enables us to accelerate our proven strategy of driving operational improvements to scale sustainable, resilient industrial platforms."

• "Over the past six years, we have built Allied into a firm that is deeply engaged with its portfolio companies and uniquely positioned to create lasting value," continued Mr. Rossi and Mr. Wright.

Bottom Line:

Allied Industrial Partners' successful closing of its oversubscribed debut fund at $300 million demonstrates strong investor confidence in the firm's strategy of applying operational expertise to high-growth industrial businesses. With over $1 billion in assets under management and a track record of successful investments, Allied is well-positioned to continue identifying and scaling industrial leaders in the lower-middle market.

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