McCarthy Capital has closed its seventh fund at $535 million, beating its $425 million target. The fund will invest in lower-middle market companies. Lazard was the placement agent while Kirkland & Ellis LLP provided legal counsel.
Omaha, NE – McCarthy Partners Management, LLC (“McCarthy Capital”), a leading Omaha-based growth equity firm, today announced the final closing of McCarthy Capital Fund VII, L.P. (“Fund VII”), a $535 million private equity fund. Fund VII will invest in growing, lower middle-market companies.
“We are pleased to announce the closing of Fund VII,” said Patrick Duffy, President and Managing Partner of McCarthy Capital. “We are thankful for the continued support of our long-term partners as well as the opportunity to partner with new institutional investors, all of whom enabled us to complete this capital raise quickly.”
McCarthy Capital experienced strong demand for its seventh private equity fund, which was oversubscribed and exceeded its target of $425 million.
McCarthy Capital brings a disciplined adherence to its longstanding mission of growing businesses in partnership with management teams that retain substantial ownership and operational control. This specialization has resulted in more than fifty partnerships with closely-held businesses seeking an experienced capital partner.
Through Fund VII, McCarthy Capital will target investments to support growth equity investments, management buyouts and recapitalizations. Fund VII seeks to invest in established companies with demonstrated profitability and attractive growth prospects. With conservative capital structures and the addition of McCarthy Capital resources, portfolio companies can pursue accelerated growth through identifiable value-creation initiatives.
“We look forward to partnering with outstanding management teams desiring to accelerate their business,” said Mr. Duffy. “McCarthy Capital’s experienced team of professionals will seek to execute on our well-defined model to identify and drive value-add initiatives within our partnerships.”
Lazard provided placement agent services in connection with a top-off assignment for the offering, and Kirkland & Ellis LLP provided legal counsel.
About McCarthy Capital
McCarthy Partners Management, LLC is a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For more than 30 years, the McCarthy Capital organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. More information about McCarthy Capital can be obtained at www.mccarthycapital.com