Merit Capital wraps up sixth fund at $536 mln

Chicago-based Merit Capital Partners, a private equity firm, has closed its sixth fund at $536 million, beating its $500 million target. Fund VI’s limited partners include insurance companies, pension funds, university endowments, fund-of-funds and family offices. M2O Private Fund Advisors was the placement agent for the fund while VCP Advisors assisted with fundraising efforts in Europe. Kirkland & Ellis LLP was the fund’s legal adviser.

PRESS RELEASE

Chicago, IL – March 23, 2018

Merit Capital Partners (“Merit”), a Chicago-based private equity firm, today announced the closing of its sixth fund (“Fund VI”) at $536 million. Fund VI exceeds Merit’s target of $500 million, and generated strong support from both existing limited partners from prior funds, as well as several new investors. Merit received commitments from a variety of limited partners, including insurance companies, pension funds, university endowments, fund-of-funds, and family offices.

M2O Private Fund Advisors served as Merit’s placement agent for Fund VI. VCP Advisors assisted with fundraising efforts in Europe. Kirkland & Ellis, LLP serves as the fund’s legal advisor.

Merit Capital Partners has raised over $2.2 billion of capital since 1993 through six institutionally sponsored limited partnerships. Merit invests both equity and mezzanine capital in middle-market companies principally in manufacturing, distribution and services industries. Merit focuses on recapitalizations and buyout transactions, primarily in partnership with family-owned companies, existing owner-managers, and with independent sponsors. The firm will continue to invest in high quality, established businesses with strong management teams and carefully conceived operating strategies. For more information on Merit Capital Partners, please visit www.meritcapital.com.