McCarthy Capital Corporation has held the final closing of McCarthy Capital Fund VI, a USD353 million private equity fund that will invest in high growth, lower middle-market companies.
“We are pleased to announce the closing of Fund VI,” says Patrick Duffy, President and Managing Partner of McCarthy Capital. “We appreciate the strong support from existing investors and are grateful for the opportunity to partner with several well-regarded institutional investors to complete this capital raise quickly.” McCarthy Capital experienced strong demand for its sixth fund which was oversubscribed exceeding its target of USD250 million.
McCarthy Capital, led by a seasoned group of private equity investors who have worked together for many years, has successfully executed the same strategy since 1986. The firm’s investment team brings a disciplined adherence to the mission of growing businesses in partnership with management. The firm’s core philosophy of aligning its financial goals with management has resulted in more than forty partnerships with closely-held businesses seeking an experienced capital partner.
Through Fund VI, McCarthy Capital will make investments of USD10 to USD50 million in established companies having revenues of at least USD15 million, demonstrated profitability and management teams seeking to keep material capital at risk. Fund VI’s capital will generally be used to provide shareholder liquidity and to support internal or acquisition-related growth opportunities.
Bob Emmert, Managing Partner, adds: “Fund VI will allow McCarthy Capital to continue its thirty-year focus of making control and substantial minority investments in established private companies. We look forward to partnering with outstanding management teams desiring to maintain significant ownership positions within their business.”
