Aldrich Capital Partners LLC closed its debut institutional fund with more than $256 million in investment June 22.

Investors, including endowments, foundations, pension funds and family offices, committed to the Aldrich Capital Partners Fund LP

The capital will target growth equity investments, including both control and minority, in North American-based lower-middle-market businesses in the healthcare information technology, financial technology and application software sectors.

Kirkland & Ellis LLP provided legal counsel to the fund.