CCMP Capital raises $3.6 bln for Fund III


CCMP Capital Advisors has closed CCMP Capital Investors III raising $3.6 billion. The new fund will back middle market companies in North America and Europe in the consumer/retail, industrial, energy and healthcare industries. Investments range between $100 million to $500 million in size.

Investors in the fund include domestic and foreign public and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments and high net worth individuals. CCMP III is the successor fund to the $3.4 billion CCMP Capital Investors II fund raised in 2006. The fundraising brings the firm’s assets under management and committed capital to approximately $7.5 billion.

CCMP III has already invested in three companies: Jamieson Laboratories, a provider of vitamin, mineral and supplement products in Canada; The Hillman Group, a distributor of fasteners, keys, engraveable tags and other hardware-related items primarily to the North American retail market and Jetro Cash & Carry, a cash and carry business-to-business retail food service operator in the US.

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