Keystone Capital Management Announces Successful Closing of Fund III at $630 Million

Keystone Capital Management, LP, a lower middle market alternative investment manager, announced the final closing of Keystone Fund III at its hard cap of $630 million in capital commitments. The firm completed fundraising in four months, with Keystone professionals remaining the largest single investor in the Fund.

Keystone will continue to focus on investing primarily in North American businesses across five industry sectors: Engineering and Technical Services, Tech-enabled Services, Commercial Services, Industrial Technology, and Food and Beverage. With 170 acquisitions across 42 industry platforms, Keystone emphasizes its 'buy and build' strategy. The successful raise saw 100% return of Fund II institutional investors and the addition of new endowments, foundations, insurance companies, and family offices.