Mountaingate Capital Raises $395M For Debut Lower Middle Market PE Fund

Aug 16 2017 | 6:01pm ET

Mountaingate Capital has raised $395 million in capital commitments for its inaugural lower middle market buyout fund, easily surpassing its $300 million target.

The new fund closed was heavily oversubscribed and closed at its hard cap, the company said in a statement. It will invest in new platform companies and support their efforts with strategic add-on acquisitions in four target sectors: marketing services, business/industrial services, specialty distribution and specialty manufacturing, including medical devices. Three investments have already been made from the fund.

Credit Suisse Securities (USA) LLC acted as exclusive advisor and placement agent for Fund I, while Kirkland & Ellis LLP served as legal counsel.

Based in Denver, CO, Mountaingate Capital was launched in 2017 by a team of partners with deep investment expertise in four distinct market sectors: marketing services, business/industrial services, specialty distribution and specialty manufacturing, including medical devices. The company focuses on companies with $5 million to $25 million of EBITDA enjoying organic growth and couples them with a customer-centric buy-and-build approach for add-on acquisitions. 


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of