May River Capital Closes Third Fund With $500m in Commitments

May River Capital LLC, a Chicago-based private equity investment firm, has raised its third fund, May River Capital Fund III, LP. Fund III closed on its hard cap of $500m in limited partner commitments, exceeding the Fund’s original target size.

The Fund will continue May River Capital’s focus on investing in high quality, lower middle-market industrial businesses with excellent management teams and the potential for significant growth and value enhancement.

The Fund received commitments from a well-respected group of limited partners, including endowments and foundations, insurance companies, fund-of-funds, family offices, wealth managers, and high-net-worth individuals. In addition to commitments from its limited partners, May River Capital’s investment team, along with the firm’s operating partner network, made significant capital commitments to the Fund.

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Since its founding in 2012, May River Capital has raised more than $1.2 billion in committed capital and has invested in 11 platform companies, as well as completed 17 add-on acquisitions.

May River Capital commented, “We are thankful for the strong support we have received from such a well-respected group of investors. We look forward to continuing to partner with talented executives and high-caliber, industrial businesses throughout Fund III and beyond.”

M2O Private Fund Advisors acted as placement agent and Kirkland & Ellis LLP provided legal counsel.

Source: PR News Wire

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