Private equity firm M/C Partners (M/C) has held the final closing of its most recent fund. M/C Partners VIII (Fund VIII) at its hard cap of USD350 million.
M/C’s specialised investment strategy remains focused on investing in targeted high growth infrastructure and services segments of the USD1 trillion Telecommunications and Information Technology industries.
Led by Managing Partners Jim Wade, Gillis Cashman and Brian Clark, the team’s experience spans multiple economic cycles where they employ a flexible model investing in businesses in all stages from early formation, growth capital, consolidations, mature carve-outs and distressed acquisitions. M/C proactively seeks out well-positioned entrepreneurial managers and companies through a thesis driven approach to be a lead investor that typically invests USD10 to USD50 million of equity.
“We are very pleased to announce the final closing of Fund VIII. We greatly appreciate the confidence and trust of our investors,” says Jim Wade, Managing Partner of M/C. “This successful fundraising highlights our investors’ enthusiasm for the strength of our team, our differentiated investment strategy and the compelling market opportunity.”
Gillis Cashman, Managing Partner, says: “It is an opportune time to be at the forefront of identifying emerging trends within our core industries and to partner with highly capable management teams.”
Brian Clark, Managing Partner, adds: “The entire M/C team is excited to apply our long-term experience and network of relationships to attract top talent and serve as supportive, value-added partners helping to grow our portfolio companies organically and through acquisitions.”
John McCormick, Managing Director at Monument Group, says: “M/C Partners is one of the most experienced and preeminent investors in the broader IT/ Communications space and we were privileged to assist them on this successful fundraise.”
Monument Group served as placement agent for Fund VIII, while Latham & Watkins LLP provided legal counsel.
