Kian Capital Partners, a lower-middle-market private equity firm, has closed its latest fund, Kian Growth Partners III LP, which was oversubscribed at $400 million.

Founded in 2013, Kian has been a partner to management teams by providing the financial resources and operational assistance to scale lower-middle-market businesses, realize growth aspirations and deliver investment returns through partnership. Kian’s existing limited partners increased their support of the fund and were joined by new lower-middle-market investors. KGP III’s LP base includes a diverse group of investors, including university endowments, fund of funds, financial institutions, family offices, and, notably, several founders of former Kian investments.

“With the close of our third fund, our growing team is well positioned to continue to create positive outcomes for business owners and LPs,” says David Duke, partner, business development. “The quality of our active deal pipeline remains strong, and we view the recent market dislocation as an opportunity given our flexible investment mandate.”

Robinson, Bradshaw & Hinson PA acted as Kian’s legal advisor. Winston & Strawn acted as Kian’s regulatory counsel.