Eagle Merchant Partners, a private equity firm investing in a lower middle-market franchise, consumer and industrial companies, has held the final closing of its inaugural fund, Eagle Merchant Partners I, with over $256m in capital commitments.

The fund, which closed well in excess of its target, attracted commitments from US and international institutions, endowments, foundations, wealth managers and family offices.

Led by Stockton Croft and Bill Lundstrom, Eagle’s leadership has invested more than $1 billion of equity and is committed to growing founder-owned businesses in the Southeast USA with $2 million to $20 million of EBITDA.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

Aviditi Advisors served as the exclusive placement agent for the fund and Kirkland & Ellis LLP provided legal counsel to Eagle.

Source: Private Equity Wire

Can’t stop reading? Read more