Aldine Closes $276 Million Fund IV

Aldine Capital Partners (“Aldine”), a Chicago-based private investment firm providing junior capital financing to lower middle market companies, is pleased to announce the closing of its fourth fund, Aldine Capital Fund IV, L.P. The fund is structured as a small business investment company (SBIC) licensed by the U.S. Small Business Administration (SBA). Fund IV had a final closing at $276 million of total capital, bringing Aldine’s total commitments over its four funds to $775+ million (including SBA leverage).

“We are honored to partner once again with our outstanding base of returning limited partners. We are also pleased to welcome several new limited partners into the fund. Our new and existing investors include a diverse group of banks, family offices, insurance companies, individuals, and capital from the Small Business Administration,” commented Michael Revord, Managing Partner.

“Aldine Capital Fund IV represents the successful culmination of an amazing team effort that we are very proud of,” said Steve Groya, Managing Partner. “With the raising of Fund IV, we are also pleased to announce that Chris Schmaltz has been promoted to Partner. We’ve been able to build an experienced team that is committed to investing responsibly while generating outsized risk-adjusted returns for our investors.”

Aldine’s model is built on empowering its partners while providing value-added input and resources. “Our ability to act as a one-stop-shop solution and provide a flexible allocation of subordinated debt and equity causes Aldine to be uniquely situated as a valuable capital provider to lower middle market businesses and their investment partners”, said Chris Schmaltz, Partner. “No two investments are the same and we work to build creative solutions for each unique situation.”

Aldine is focused on investing in businesses with at least $10 million of revenue and $2 million of EBITDA in a broad range of industries and end markets in the United States. Aldine invests $5-25 million per transaction in a combination of subordinated debt and equity. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity.