Monomoy’s Debut Fund Closes at $280M

Jan 9 2007 | 11:44am ET

New York-based private equity firm Monomoy Capital Partners has held a final close of its first fund, exceeding its fundraising goal by 40%.

The firm raised $280 million for its eponymous restructuring fund, which makes controlling investments in smaller middle-market companies. The fund has made seven acquisitions over the past 18 months, buying a commercial bakery, a travel center retail distributor and an auto parts maker, and has invested $60 million of its capital.

Limited partners in Monomoy Capital include Drum Capital, Bear Stearns Asset Management, St. Paul-Travelers and Morgan Creek Capital.

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