Aldine Closes Fund V
CHICAGO — July 7, 2026 — Aldine Capital Partners ("Aldine"), a leading provider of junior capital to lower middle market companies, announced the successful completion of its fundraise for Aldine Capital Fund V, L.P. ("Fund V"). The oversubscribed fund reached $308 million — Aldine's largest to date — with strong demand from both returning limited partners and new investors. With Fund V, Aldine has now raised more than $1.0 billion across its five funds.
Aldine continues the long-standing strategy that has defined the firm: providing a flexible combination of subordinated debt and equity to support buyouts, acquisitions, recapitalizations, and growth in partnership with traditional and independent sponsors, as well as management teams.
Consistent with Aldine's prior funds, Fund V is licensed as a Small Business Investment Company ("SBIC"). Aldine is deeply grateful for its long-standing relationship with the U.S. Small Business Administration ("SBA") and the SBA's commitment to stimulating institutional investment in America's small businesses.
"First and foremost, we are grateful for the trust our limited partners have placed in us — both those who have supported us for years and those joining Aldine for the first time," said Chris Schmaltz, co-Managing Partner of Aldine. "While every private capital provider has had to adapt to a changing marketplace over the last two decades, we have remained a disciplined, consistent, and creative source of capital for the lower middle market."
"Fund V is a powerful endorsement of Aldine's consistency, and we could not be more energized about the road ahead," said Steve Groya, co-Managing Partner of Aldine. "We remain focused on delivering for the companies, sponsors, and investors who count on us, and extending the disciplined approach that has defined Aldine since its founding."
A New Chapter in Firm Leadership. As Aldine enters its next phase of growth, Chris Schmaltz and Steve Groya are assuming leadership of Aldine's management, building on the foundation established by founder Mike Revord. Mr. Revord will continue as Founding Partner, serving on Aldine's investment committee and remaining active with portfolio company management.
"Steve and Chris are outstanding leaders and have been instrumental in Aldine's success, and I am proud of what we have built together. I am excited to continue working with the entire Aldine team as we pursue our strategy built over 20 years of consistent investment performance," said Revord.
Aldine also announced the following promotions: Brian Lamp has been promoted to Managing Director; Brian Winterfield has been promoted to Managing Director; and Chris Schmaltz has been promoted to Managing Partner, joining Steve Groya in leading Aldine.
"Brian Winterfield and Brian Lamp have been critical components of our success, and these promotions are well earned," said Groya.
About Aldine Capital Partners. Aldine Capital Partners is a Chicago-based private investment firm that provides junior capital financing to lower middle market companies. Founded in 2005, Aldine partners with traditional and independent sponsors, as well as management teams, to provide flexible subordinated debt and equity capital that supports ownership transitions, acquisitions, recapitalizations, and growth initiatives. Aldine's investment funds are licensed as Small Business Investment Companies ("SBICs"). Since its founding, Aldine has raised more than $1.0 billion of committed capital across five funds and completed more than 90 portfolio investments. For more information, visit www.aldinecapital.com.