Kingswood Capital amasses over $620m for sophomore fund

The closing of Fund II increases Kingswood's total capital under management to over $1 billion.

  • Kingswood’s Fund II’s limited partners include endowments, foundations, family offices, insurance companies, pension plans, and funds of funds from across North America, Europe, Asia, and Australia
  • Lazard was placement agent for Fund II while Kirkland & Ellis LLP served as legal counsel
  • Based in Los Angeles, Kingswood Capital Management targets the lower middle market

Kingswood Capital Management has closed its second fund at over, $620 million, beating both its $450 million target and $600 million hard cap.

The closing of Fund II increases Kingswood’s total capital under management to over $1 billion.

Kingswood’s Fund II’s limited partners include endowments, foundations, family offices, insurance companies, pension plans, and funds of funds from across North America, Europe, Asia, and Australia.

On the fund-raising, Alex Wolf, a managing partner of Kingswood, said in a statement, “We are grateful for the continued support from our existing limited partners as well as the new investors who embraced Kingswood’s differentiated investment strategy. We are humbled by the confidence our partners have entrusted in us and believe the success of this fundraise is a testament to the quality of our team, our operational value-add, and the strength of our track record.”

Lazard was placement agent for Fund II and Kirkland & Ellis LLP served as legal counsel.

Based in Los Angeles, Kingswood Capital Management targets the lower middle market.