Nashville private equity firm LFM Capital has raised $110.1 million for its maiden fund. The pool will focus on private U.S. manufacturing and industrial services firms with enterprise values ranging from $15 to $75 million.
NASHVILLE, TN, October 21, 2014 – LFM Capital, LLC (“LFM”), a Nashville-based private equity firm founded in May 2014, announced today that it has closed its first fund, LFM Capital Partners, L.P. (“LFMCP” or “Fund”) with $110.1 million in aggregate capital commitments.
LFMCP will focus on private U.S. manufacturing and industrial services companies with enterprise values ranging from $15 to $75 million. The Fund seeks to identify and invest in promising businesses that have developed sustainable competitive advantages and possess untapped growth opportunities.
The Fund is managed by a team of successful Fortune 50 executive managers and private equity professionals who together bring decades of executive leadership, operating best practices, and a successful track record in lower middle-market investing. Together, they have developed a network of world-class management talent that they believe is typically inaccessible to smaller manufacturing and industrial services businesses.
Steve Cook, LFM Executive Managing Director commented, “We are very gratified by the level of investor support for LFM’s first fund and the opportunity to partner with a handful of prestigious university endowments. We attribute the Fund’s extraordinary capital raising success to the strength of our investing team, our focus on the small, private U.S. manufacturing and industrials markets, and our growing network of operational talent.
“LFM is already pursuing a robust pipeline of attractive investment opportunities sourced through our established network of operating professionals. Our collaborative approach is anchored in an investment team that has been ‘in the shoes’ of its portfolio partners. We believe that this approach, together with our extensive operating capabilities and differentiated access to management talent, will continue to attract owners and managers of quality businesses and enhance our ability to deliver attractive returns to our Limited Partners,” Mr. Cook concluded.
About LFM Capital
Founded in 2014 and headquartered in Nashville, TN, LFM Capital, LLC (“LFM”) is a private equity firm focused on private lower middle-market U.S. manufacturing and industrial services companies. LFM was founded by a team of experienced and successful Fortune 50 global executive managers and private equity professionals who bring over 14 years of lower middle-market private equity experience, 36 years of executive management and operating experience, and 23 years of transactional and investment banking experience. For additional information, please visit www.lfmcapital.com.