Washington, DC-based Juggernaut Capital Partners closed Juggernaut Capital Partners III, L.P., a $380 million investment fund that will focus on investing in consumer and business services companies in the lower middle market. Proskauer Rose LLP acted as legal counsel in the fund’s formation.
Juggernaut Capital Partners (“JCP”), a leading consumer and business services-focused private equity investor in the lower middle market, today announced the final closing of Juggernaut Capital Partners III, L.P. (“JCP III”), a $380 million investment fund. Similar to its two predecessor funds, JCP III will focus on investing in lower middle market companies primarily in the consumer and business services sectors. JCP III’s target amount was $350 million.
“We appreciate our investors’ support and the trust they have placed in us to manage their beneficiaries’ capital,” said John Shulman, Juggernaut Capital Partners Founder and Managing Partner. “Our third fund marks a new chapter in our history – a prudent and logical expansion of our investor base, investment team and assets under management. Underpinning our new fund will be the same focused investment strategy that has defined our firm and driven our success since inception.”
The senior management team at JCP has invested together for over 15 years, developing best practices and building deep industry expertise through multiple economic and market cycles. JCP III expects to acquire companies and interests in companies with enterprise values generally in the range of $50 million to $200 million.
In today’s market, JCP believes a robust set of investment opportunities exist in which JCP III is uniquely positioned to source and add value due to the JCP team’s expertise and deep relationships. In the consumer sector, larger consumer products companies are continuing to divest smaller brands. In the business services sector, JCP sees opportunities arising from the continued trend of companies outsourcing their non-core functions in order to refocus on core competencies and improve efficiencies.
Proskauer Rose LLP served as legal counsel in the formation of JCP III.
About Juggernaut Capital Partners
Juggernaut Capital Partners, headquartered in Washington, DC, is a leading private equity firm focusing on lower middle market companies primarily in the consumer and business services sectors. With in excess of $725 million in committed capital, JCP provides capital for growth, recapitalizations, acquisitions, and buyouts. For more information on Juggernaut Capital Partners, visit http://juggernautcap.com/.