May River Capital LLC has closed its debut fund at $165 million. The fund’s limited partners include university endowments, insurance companies, charitable foundations, fund-of-funds, family offices and high-net worth individuals. M2O Private Fund Advisors served as placement agent while DLA Piper LLP (US) provided legal counsel. The Chicago-based private equity firm invests in lower middle-market industrial businesses.
Chicago, Illinois, March 21, 2017 – May River Capital, LLC (“May River”), a Chicago-based private equity investment firm, announced it has raised its inaugural fund (“May River Fund I” or “Fund”). May River Fund I closed with total LP commitments of $165 million, following a six-month fundraising process in which investor demand substantially exceeded May River Fund I’s target size. The Fund will continue May River’s focus on investing in high quality, lower middle market industrial businesses with excellent management teams and the potential for significant growth and value enhancement.
May River received commitments from a well-respected group of limited partners, including university endowments, insurance companies, charitable foundations, fund-of-funds, family offices and high net worth individuals. May River’s founding partners, Chip Grace, Steve Griesemer and Dan Barlow, also made significant commitments to the Fund.
Since its founding in February 2012, May River has completed six successful investments through four industrial growth platforms. “We are grateful for the confidence and support of our limited partners and we are excited to continue our strategy of investing in differentiated small market, industrial growth businesses”, commented May River partner, Chip Grace. “We plan to accelerate development of the firm by deepening our team in order to capture the market opportunity before us,” added May River partner Dan Barlow. Steve Griesemer, May River partner, commented, “this is an important milestone for our firm and we are pleased with the reception we received from such a well-respected group of institutional investors.”
M2O Private Fund Advisors acted as placement agent and DLA Piper LLP (US) provided legal counsel.
About May River Capital, LLC
May River is a private equity investment firm focused on investing in high quality, lower middle market industrial businesses with excellent management teams and the potential for significant growth and value enhancement. May River targets equity investments of $15 – $40 million in small market, industrial growth companies within the high value manufacturing, engineered products, industrial services and distribution sub-sectors. For more information about May River, please visit www.mayrivercapital.com.
Established in 2011, M2O Private Fund Advisors is an independent alternative asset advisory and placement firm headquartered in New York. It focuses exclusively on providing services to sponsors of and investors in private equity and infrastructure funds. M2O specializes in customized advisory and capital raising assignments tailored to each client’s specific circumstances. M2O’s senior professionals have over 75 years of private equity market experience. For more information about M2O, please visit www.m2ollc.com.
About DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning the firm to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. For more information about DLA Piper, please visit www.dlapiper.com.