McCarthy Capital raises $353 mln for sixth mid-market fund

McCarthy Capital Corporation announced it has held a final close on $353 million for McCarthy Capital Fund VI LP, which will invest in lower middle-market companies. The Omaha, Nebraska-based firm said Fund VI was oversubscribed, beating its $250 million target. It did not disclose the names of the LPs. Fund VI will make investments of $10 million to $50 million in profitable companies with revenue of at least $15 million. Founded in 1986, McCarthy Capital manages more than $1 billion in investment capital. Lazard provided placement agent services in connection with the offering and Locke Lord LLP provided legal counsel.

PRESS RELEASE

McCarthy Capital Closes $353 Million Growth Equity Fund

March 31, 2016 07:30 AM Eastern Daylight Time

OMAHA, Neb.–(BUSINESS WIRE)–McCarthy Capital Corporation (“McCarthy Capital”), a leading Omaha-based growth equity firm, announced the final closing of McCarthy Capital Fund VI, L.P. (“Fund VI”), a $353 million private equity fund that will invest in high growth, lower middle-market companies.

“We are pleased to announce the closing of Fund VI,” said Patrick Duffy, President and Managing Partner of McCarthy Capital. “We appreciate the strong support from existing investors and are grateful for the opportunity to partner with several well-regarded institutional investors to complete this capital raise quickly.” McCarthy Capital experienced strong demand for its sixth fund which was oversubscribed exceeding its target of $250 million.

McCarthy Capital, led by a seasoned group of private equity investors who have worked together for many years, has successfully executed the same strategy since 1986. The firm’s investment team brings a disciplined adherence to the mission of growing businesses in partnership with management. The firm’s core philosophy of aligning its financial goals with management has resulted in more than forty partnerships with closely-held businesses seeking an experienced capital partner.

Through Fund VI, McCarthy Capital will make investments of $10 to $50 million in established companies having revenues of at least $15 million, demonstrated profitability and management teams seeking to keep material capital at risk. Fund VI’s capital will generally be used to provide shareholder liquidity and to support internal or acquisition-related growth opportunities.

Bob Emmert, Managing Partner, added, “Fund VI will allow McCarthy Capital to continue its thirty-year focus of making control and substantial minority investments in established private companies. We look forward to partnering with outstanding management teams desiring to maintain significant ownership positions within their business.”

Lazard provided placement agent services in connection with the offering and Locke Lord LLP provided legal counsel.

About McCarthy Capital

McCarthy Capital Fund VI is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital. McCarthy Capital, headquartered in Omaha, Nebraska, is focused exclusively on lower middle-market companies. For thirty years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit www.mccarthycapital.com.

Contacts
Investor relations and news media contact:
McCarthy Capital
Teri Mercer, 402-932-8600
tmercer@mccarthycapital.com