May River Capital LLC – a Chicago-based private equity investment firm – recently raised its third fund May River Capital Fund III, LP. Fund III closed on its hard cap of $500 million 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 had 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 and in addition to commitments from its limited partners, May River Capital’s investment team and the firm’s operating partner network made significant capital commitments to the Fund.
Since launching in 2012, May River Capital has raised more than $1.2 billion in committed capital, has invested in 11 platform companies, and has completed 17 add-on acquisitions.
KEY QUOTE:
“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.”
— May River Capital
