Mountaingate Capital announced that it has closed its latest founder-focused lower-middle-market private equity fund, Mountaingate Capital Fund III, at its hard cap with $570 million in capital commitments. This brings Mountaingate’s total assets under management (AUM) to over $1.4 billion.
With support from existing investors and strong demand from new investors, Fund III was oversubscribed, and the fundraising was completed at its hard cap after less than three months in the market. Along with longstanding relationships with existing investors, Fund III attracted diverse new institutional investors, including university and nonprofit foundations, global insurance companies, pension systems, and domestic and international asset management firms.
Fund III will continue Mountaingate’s investing strategy alongside founders and entrepreneurs in its core sectors, including digital, data, tech-driven marketing and business services, value-add specialty manufacturing, and distribution.
Atlantic-Pacific Capital acted as Fund III’s exclusive global placement agent and advisor, and Kirkland & Ellis served as legal counsel.
KEY QUOTE:
“We are grateful for the tremendous support from both our existing and new investors, which enabled us to complete such an efficient fundraise. The successful closing of Fund III allows Mountaingate to continue focusing on our disciplined investment process, backing founders and entrepreneurs to drive transformational growth. We believe our fundraising success speaks to the quality of the team we have built over the past ten years, as well as the successful partnerships we have developed with our portfolio company leadership teams.”
– Bennett Thompson, Co-Founder and Managing Director of Mountaingate
