Infrastructure & Field Services

Allied Industrial Partners I is the inaugural closed-end private equity fund raised by Allied Industrial Partners LLC (AIP), a lower-middle market buyout firm founded in Houston, Texas in 2019 by former deal-by-deal independent sponsors. The fund closed oversubscribed at its hard cap of $300 million on April 28, 2025, surpassing its original target of $250 million and bringing Allied's total assets under management to over $1 billion — a milestone achieved in just six years since founding. Houlihan Lokey served as exclusive placement agent for the fundraise. The fund attracted a diversified base of institutional investors including pensions, insurance companies, financial institutions, foundations, funds of funds, and family offices, with the firm's senior team committing more than 10% of Fund I to demonstrate alignment. Allied Industrial Partners I focuses on lower-middle market companies in high-growth industrial subsectors, deploying disciplined buy-and-build strategies and hands-on operational transformation to create value. The fund's target sectors include industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure — areas where Allied's team has built deep sourcing relationships and operational expertise. The firm's approach emphasizes partnering directly with company management teams to accelerate growth through add-on acquisitions, geographic expansion, and operational improvements, typically deploying equity in companies with enterprise values below $100 million in the lower-middle market segment. Prior to closing Fund I as a formal institutional fund, Allied operated as an independent sponsor, successfully executing deals on a transaction-by-transaction basis across industrial subsectors including the Texas Gulf Coast, Southeast US, and nationwide operations. This track record — combined with the oversubscribed close — validated Allied's differentiated sourcing and value creation model. Key portfolio companies have operated across a range of industrial and manufacturing niches, and the $300 million hard cap positions Allied to continue its strategy at scale, targeting businesses that operate essential industrial infrastructure and services across the United States.

CapMan Special Situations I is a closed-end €77 million credit and special situations fund, launched in 2021 by CapMan. It pursues event-driven investment opportunities in mid-market companies across Finland and Sweden. The fund plays an active, hands-on role in strategic and operational turnarounds, financial restructurings, and corporate carve-outs. Fund targets mid-sized, often distressed or underperforming companies, where its flexible capital—whether through control equity, minority equity with governance rights, or tailored debt—is employed alongside deep operational expertise. Typical investments range from €10 to €25 million per company, with CapMan’s seasoned operational advisors overseeing substantial value-creation plans. Key sectors include industrials, infrastructure, senior services, and business services. Its recent portfolio additions include residential care providers Nonna Group Oy and Aurahovi Oy (combined revenue ~€9 million in 2024), signaling strategic expansion into elderly care. With a clear Nordic focus, CapMan Special Situations I aims to rejuvenate viable companies and deliver strong returns for institutional investors.

The Comvest Investment Partners VI, L.P. fund (CIP VI) is a private equity that has closed with total capital commitments of $881 million. The fund targets control investments in market-leading middle-market companies throughout North America, with a focus on industries such as consumer, healthcare services, infrastructure and field services, and professional and managed services. The fund seeks to deploy up to $150 million of equity per investment and supports founder and family transitions, leveraged recapitalizations, corporate divestitures, buyouts, complex situations, and public-to-private transactions. The fund received commitments from a diverse global investor group that includes foundations, insurance companies, pension funds, asset managers, consultants, and family offices. Comvest Partners, the firm managing the fund, has nearly 25 years of experience in delivering results for investors and a proven investment team. Comvest's private equity strategy integrates specialized investment, industry, and operational expertise to help company founders and management teams scale their businesses, heighten operational performance, and drive value creation to realize their full potential. The firm has a collaborative approach and significant transaction experience as an active investor.

New Mountain Partners VII is a buyout fund managed by New Mountain Capital and located in New York. The fund will acquire controlling stakes in companies valued between $100 million and $1 billion, typically investing between $100 million and $500 million per transaction​. New Mountain Capital targets sectors characterized by sustainable and noncyclical growth, which they refer to as "defensive growth industries." These include life sciences, advanced materials, healthcare technologies, infrastructure services, and digital transformation services, among others. As of APril 2024, the fund has raised US$12.4 billion, above its target of US$12 billion. The fund expects to do around 20 investments.