March 21, 2017 — May River Capital, 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 $170 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
May River Capital is a Chicago-based private equity firm focused on investing in lower middle-market industrial growth companies. May River invests in high-quality industrial growth businesses, including precision manufacturing, engineered products, specialized industrial services, and value-added industrial distribution businesses. For more information, 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
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