Mill Point Capital closed its debut fund on $450 million for investments in middle market companies in business services and industrial sectors. Fund I hit the market in October. Mill Point was formed by Michael Duran, who spent 13 years working at Ripplewood Holdings.
Mill Point Capital LLC (“Mill Point”), a New York City based private equity firm, announced today the final close of its inaugural institutional fund, Mill Point Capital Partners, L.P. (the “Fund”) at the hard cap with $450 million of limited partner commitments. Founded by Managing Partner Michael Duran, Mill Point targets control investments in middle-market companies across the business services and industrial sectors.
The Fund, which was significantly oversubscribed, officially launched last October and attracted a globally diverse group of investors, including leading endowments, foundations, corporate and state pension plans, family offices, gatekeepers, sovereign wealth funds, insurance companies, and fund of funds.
“We are thrilled with the quality of our investor base and grateful for their overwhelming support for what we’ve built at Mill Point. In spite of this frothy market, we continue to find market-leading businesses that are often undervalued or overlooked, and seek complex opportunities where we can bring to bear the full impact of our team and operational resources,” said Michael Duran.
Acalyx Advisors Inc. (“Acalyx”) served as exclusive placement advisor. “The Mill Point team, led by Partners Michael Duran and Dustin Smith, are seasoned investors in the middle-market as they have created value in all parts of the market cycle. Mill Point’s ability to build a compelling portfolio amidst fundraising speaks to the team’s exceptional capabilities,” commented Jennifer Cho Rinehart, CEO of Acalyx.
John Muno, Justin Redeker and Michael Black of Kirkland & Ellis LLP served as legal counsel to Mill Point.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments
in the business services and industrial sectors. The firm works with executive partners to leverage
its investment professionals’ experience, while providing strategic and operational guidance
designed to drive long-term value creation in its portfolio companies. Mill Point is based in New
York, NY. For more information, please visit www.millpoint.com.
About Acalyx Advisors
Acalyx is a highly selective independent firm specializing in advisory, private placement and
investor relations for leading alternative asset management firms. With offices in New York and
San Francisco, the firm is led by seasoned professionals who have collectively raised and advised
on over $90 billion over the last 18 years across a number of strategies, including buyout, special
situations and credit. For additional information, please visit www.acalyx.com.