CCMP Capital Partners has closed its first independent fund with $3.4 billion in capital commitments. CCMP is the former buyout and growth equity team of JPMorgan Partners, and used Credit Suisse as its placement agent.
CCMP Capital Advisors, LLC (“CCMP Capital”), a leading New York-based private equity firm, today announced the closing of CCMP Capital Investors II, L.P. (“CCMP II”) with total capital commitments of $3.4 billion. Through CCMP II, the firm will continue to leverage its deep industry expertise and global capabilities as it focuses on buyout and growth equity investment opportunities in the
The closing of CCMP II increases the amount of CCMP Capital's assets under management and committed capital to $10 billion. CCMP Capital's founders have led numerous buyout and growth equity investments, having invested over $12 billion since 1984 in the consumer, energy, healthcare, industrial and media sectors. Through active management and its powerful value creation model, CCMP Capital's team has established a reputation as a world-class investment partner.
“The closing of CCMP II is both a significant milestone for our firm and a recognition of the success of our investment strategy, which has generated superior returns for our investors,” said Stephen P. Murray, CCMP Capital President & Chief Executive Officer. “We believe that exciting investment opportunities have been created by current market conditions and we are well positioned to pursue and capitalize on these opportunities.”
Jeffrey C. Walker, CCMP Capital Chairman said, “We are confident that CCMP Capital's strategy is the right one for the current environment to take advantage of our experience and strengths. CCMP II was met with considerable enthusiasm among investors and has a more diversified base of investors than our previous fund, which we also view as a strong endorsement of our investment approach.”
CCMP II has already invested in three companies, two in the industrial sector and one in the consumer sector. These are: