Main Post Partners said Nov. 27 that it second fund closed on $700 million in capital commitments. Main Post’s first fund raised $400 million in 2016. M2O Private Fund Advisors LLC served as placement agent and Ropes & Gray LLP acted as legal counsel to Main Post Partners.
SAN FRANCISCO, November 27, 2018 – Main Post Partners, a San Francisco-based private equity firm with deep experience investing in growth companies across the consumer value chain, announced today the final closing of its sophomore fund, Main Post Growth Capital II, L.P (the “Fund”), with $700 million of capital commitments from a select group of respected global investors. The Fund was oversubscribed and closed at its hard cap less than three months after the official launch. Main Post completed its inaugural fundraise in 2016 with $400 million of limited partner capital commitments, well in excess of its initial target of $250 million.
“This Fund is an important milestone for our firm and we are very appreciative to have substantial support from our existing investors, as well as a number of new highly-regarded LPs who have chosen to partner with us,” said Sean Honey, Managing Partner. “We are excited about the new Fund’s prospects and the opportunity to continue our strategy of partnering with outstanding entrepreneurial and family owned businesses and helping them grow into industry leaders. With over $1 billion of assets under management, we are committed to building a leading growth equity brand and a strong long-term track record within the consumer value chain.”
Jeffrey Mills, Managing Partner, said, “We are nearing full deployment of Fund I and have assembled an impressive portfolio of disruptive and dynamic businesses and brands. We have partnered with enthusiast experience brands KUIU and EagleRider, value chain platforms Fortis Solutions Group and ARCH Global Precision, and passionate consumer brands, including Chuze Fitness, Milk Makeup, Nulo Pet Food and Viva Chicken. With our new Fund we will continue to be highly focused on building our team and capabilities to deliver on our commitments to our managers and investors.”
M2O Private Fund Advisors, LLC served as placement agent and Ropes & Gray, LLP as legal counsel to Main Post Partners.
About Main Post Partners
Main Post Partners is a private equity investment firm focused on investing in proven growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions primarily in first institutional capital situations where founders, entrepreneurs and management teams are looking for an experienced partner to help build their companies to full potential. With a “Partnership, not Ownership” approach, Main Post Partners works closely with a network of successful executives to provide operational and strategic support to its management partners.www.mainpostpartners.com