Kinderhook Industries brings in $1.3b for continuation fund

Kinderhook Industries, a prominent private equity firm, has successfully secured a $1.3 billion continuation fund with backing from AlpInvest Partners. This capital infusion is earmarked for the acquisition of nine portfolio companies spanning Kinderhook's fourth and fifth funds. Notably, the fund also allocates $300 million in unfunded capital, strategically earmarked for organic growth initiatives and targeted acquisitions. This move aligns with Kinderhook's commitment to fostering expansion and innovation within its portfolio.