Alpha Partners Closes Oversubscribed Fund III with $153 Million in Commitment

Alpha Partners, a leading growth equity firm, has successfully closed its third fund, Alpha Partners Fund III, with $153 million in commitment. The fund addresses a significant need in the venture capital industry by enabling early-stage investors to maximize returns on their best deals. Alpha Partners will continue its mission of investing in the best growth stage opportunities by partnering with over 1,000 early-stage venture firms. These firms have insider access to their own top-returning portfolio companies but often lack existing fund capital to fund these companies' de-risked later rounds. 

Alpha Fund III has attracted both returning investors and a diverse group of new backers, including prominent U.S. and international institutions, family offices, and registered investment advisors. The fund has grown to over $300 million, nearly three times larger than its previous fund.

The recent investments of Alpha Partners include companies such as Pearl, Second Front, Shield AI, Rad AI, and Chainguard. Portfolio company exits by IPO include Coupang, Coursera, Rover, Udemy, Vroom, and Wish, as well as exits by acquisitions including HPE's acquisition of Cloud Technology Partners and Uber's acquisition of Careem. Real the full release here.