Monomoy Capital Partners, a private investment firm specializing in the middle market, is delighted to announce the successful closing of its fifth private equity fund, known as “Fund V.” Originally targeted at $1.6 billion, Fund V exceeded expectations and closed oversubscribed at $2.25 billion, which includes a $250 million commitment from the firm’s general partners. This achievement follows the firm’s previous fund, which closed in late 2021 with over $1.1 billion in commitments.
Fund V garnered substantial interest and robust demand from a diverse group of investors on a global scale. The fund’s limited partner hard cap of $1.999 billion was fully allocated within eight weeks, leading to a final close within five months. The fund attracted commitments from both new and existing limited partners, including prominent endowments, foundations, pension plans, insurance companies, and family offices. This influx effectively doubled Monomoy’s investor base, highlighting the strong momentum behind the fund, bolstered by the firm’s significant general partner commitment.
Dan Collin, Founding Partner and Co-CEO of Monomoy, expressed, “The swift and oversubscribed closing of Fund V represents a significant milestone in Monomoy’s longstanding investment strategy and commitment to creating operational value. We are grateful for the trust and confidence shown by our diverse group of limited partners. Moving forward, we are dedicated to continuing as the preferred partner for middle-market businesses aiming to achieve their full potential.”
Consistent with Monomoy’s established focus, Fund V will target investments in manufacturing, distribution, and business services sectors. The firm’s extensive in-house operating team, recognized as one of the largest in the middle market, collaborates closely with the investment team and portfolio company management to drive operational enhancements, improve cash flow, and foster sustainable growth.
Justin Hillenbrand, Founding Partner and Co-CEO of Monomoy, added, “The enthusiastic response to Fund V underscores Monomoy’s effective investment strategy and our team’s dedication to expanding and enhancing our global partnerships. Our success in fundraising reflects the hard work of our entire team and the strong relationships with our valued portfolio companies. We extend our gratitude to all who have contributed to our ability to extend Monomoy’s impact in the middle market through Fund V.”
Ropes & Gray LLP served as fund counsel, and Probitas Partners acted as the placement agent for Fund V.
About Monomoy Capital Partners:
Monomoy Capital Partners manages over $5 billion in assets across its investment funds, focusing on equity and debt investments in middle-market businesses. The firm targets companies in manufacturing, distribution, and business services sectors within industrial and consumer product markets across North America. For more information about Monomoy and its portfolio companies, please visit www.mcpfunds.com.
