Alpine Investors, a people-driven private equity firm committed to building enduring software and services companies, has completed fundraising for Alpine Investors VIII with $2.25 billion in limited partner capital commitments. With a target of $1.7 billion, Fund VIII was oversubscribed and reached its hard cap at close, less than four months after its official launch in May.

“We are grateful for the support of our returning and new limited partners. The enthusiastic reception of Fund VIII is evidence that the market sees value in Alpine’s focus on recurring revenue-driven software and services businesses,” Alpine head of investor relations and fundraising April Smith said. “We are gratified that Alpine’s PeopleFirst operating philosophy and focus on talented leaders for our portfolio companies continue to resonate with our investors.”

“We believe our success is a direct result of building a firm around exceptional people and creating a culture where people can build an exciting career for the long term,” Alpine founding partner Graham Weaver said. “We are thrilled to see investors’ enthusiasm for Alpine’s strong outcomes and differentiated approach to building leadership teams.”

With Fund VIII, Alpine will continue to focus on putting investor capital to work in control buyouts, transactions that facilitate an ownership transition, and corporate carve-outs of recurring revenue-driven software and services businesses.

Evercore served as placement agent for the fund and Kirkland & Ellis served as legal counsel to Alpine.