Midwest Growth Partners (MGP) – an Iowa-based private equity firm – announced the completion of fundraising for their third investment fund. Starting in the second quarter of 2022, the firm exceeded its initial fundraising goal and raised $170 million in its largest fundraising effort to date.
Since 2013, MGP has been a trusted partner for established lower-middle market companies seeking succession planning liquidity or growth investment. And MGP’s team of hands-on professionals have agrarian backgrounds and an unrivaled range of experience, helping drive growth and professionalization in MGP’s partner companies while creating value for investors.
Between MGP’s 3 funds, more than $140 million has been directly invested into 29 private businesses so far. And MGP also helped aggregate more than $500 million within those transactions in additional private co-investment capital. Since the closing of Fund III, MGP has continued investing in U.S. food and agriculture, manufacturing, and distribution industries, often in rural, underserved areas.
Plus MGP and its investors serve as economic drivers in America by investing anywhere from $500,000 to $20 million into profitable organizations. And these investments cultivate growth, add jobs, professionalize businesses, and aid in succession planning for retiring business owners.
Over the next 5 years, MGP will make 10 to 15 investments with Fund III, made possible by the hard work of the MGP team and strong partnerships with investors. And MGP fosters personal relationships with its diverse group of investors, which includes members of the Farm Credit System, family offices, commercial banks, corporations, trade organizations, and successful individuals.
KEY QUOTE:
“Since starting MGP, the achievements we’ve realized here and within our portfolio companies have been remarkable and are the result of working with people who share our values of hard work and integrity. Closing our third and largest fund is a huge milestone, and we’re looking forward to the next chapter.”
– John Mickelson, Co-Founder and Managing Partner at Midwest Growth Partners
