KLH Capital races to $200m hard cap close for fourth flagship fund


Florida-based buyout house KLH Capital Partners has taken less than two months to reach a $200m hard cap close for its latest private equity fund.

The latest oversubscribed vehicle marks a step-up from the $155m Fund III KLH closed in 2016.

Acalyx Advisors worked as the exclusive placement advisor for KLH Capital Fund IV.

KLH says it looks to make investments in fundamentally stable, lower middle-market specialty services and value-added distribution businesses with a history of profitability.

It targets businesses with at least $10m of revenue and $3m or more of EBITDA.

Recent deals from the firm include recapitalising telecoms and utilities installation and maintenance services company ElectriCom, and backing storm drain system inspection and cleaning business Shenandoah Industrial Solutions.

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