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Kian Capital Closes on $250MM Fund Targeting Lower-Middle Market

March 29, 2018, 08:00 AM
Filed Under: Industry News

Kian Capital, a provider of equity capital and subordinated debt, is pleased to announce the final closing of KMP II, L.P. (the “Fund”) with total capital commitments at its hard cap of $250 million. The Fund will continue the successful strategy of Kian’s first fund by providing transformative capital solutions to leading lower middle-market companies, often serving as the first institutional capital provider to closely held businesses.

The Fund seeks to invest between $7 million and $30 million of capital in companies with EBITDA of $2 million to $15 million. The Fund has the flexibility to participate in all forms of junior capital, including common stock, preferred equity and subordinated debt, and can act in either a control or non-control capacity.

“The successful closing of our second fund is an important milestone in the progression of our firm. We are privileged to have significant incumbent investor support, with many large LPs increasing their commitments, and are excited to bring in several new well-respected institutional investors. We believe our diverse investor base of leading institutional investors, endowments, pension funds, commercial banks and distinguished high net worth individuals provides a platform to grow as we look to continue providing growth-oriented capital to leading lower middle-market businesses,” said Kevin McCarthy, Co-Founder and Partner of Kian Capital.

“We have found the lower middle-market to be a very attractive place to deploy capital and are excited to continue serving that market with the investments made out of our second fund. Our flexible investment structures allow us to be unique partners for business owners and management teams looking to complete a variety of transactions, including change-of-control and non-change-of-control situations. We desire to bring more than just capital to these situations by forging strategic partnerships with management to help drive growth and create enterprise value,” added Rick Cravey, Co-Founder and Partner of Kian Capital.

Kian Capital, with offices in Atlanta, GA and Charlotte, NC and over $400 million of capital under management, invests in leading lower middle-market companies that operate within our targeted sectors, including business services, value-added distribution, healthcare services, consumer services and products, and niche manufacturing.   

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