Monomoy Capital Partners Announces Close of Oversubscribed Monomoy Family Fund I at $589 Million

Fund fully allocated in two weeks, backed exclusively by existing limited partners

NEW YORK--(BUSINESS WIRE)--Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today the closing of its inaugural Monomoy Family Fund. The fund drew substantial investor demand against its $500 million external hard cap. The final close came three months after launch, bringing total commitments to $589 million, including $89 million from the GP and its affiliates.

Raised with commitments from Monomoy’s existing blue-chip investor base, Family Fund includes investments from endowments, foundations, pension plans, insurance companies and family offices. Family Fund targets lower-middle-market opportunities across family-owned businesses, corporate carve-outs and take-private transactions in the industries Monomoy has specialized in throughout its 21-year history — industrial, consumer and services.

“Family Fund gives us dedicated capital to pursue transactions with enterprise values of $200 million and below, an area of the market we’ve covered for more than two decades,” said Monomoy Founding Partner and Co-CEO Dan Collin. “Combined with our flagship Monomoy Capital Partners Fund V, we have the ability to be the buyer of choice for businesses with annual EBITDA ranging from $15 - $250+ million. Consistent with our view of aligning our future performance with our limited partners, Monomoy and its affiliates have committed nearly 15% of the fund capital.”

Family Fund will invest in companies that can benefit from Monomoy’s in-house operating capabilities. Monomoy’s Operating Team will collaborate with investment professionals and portfolio company management teams to develop and execute tailored value creation initiatives that strengthen the foundations already in place and help drive sustainable long-term growth.

“Our thanks go to our limited partners who backed this fund,” offered Monomoy Managing Director and Head of Investor Relations Ashley Johansen. “They committed quickly, and we were able to rely on support entirely from within our existing investor base. That trust is something we work to earn with every fund.”

Paul Hastings LLP served as fund counsel.

About Monomoy Capital Partners

Monomoy Capital Partners is a private investment firm with over $6 billion in assets under management across a family of investment funds. Monomoy focuses on investing in manufacturing, distribution and services companies across industrial and consumer product sectors in North America. The firm is committed to providing middle-market businesses with strategic capital, management and operational expertise and the ability to achieve sustainable success. Please see our website at www.mcpfunds.com for further information concerning Monomoy and its portfolio companies.