McNally Capital (McNally) has held the final closing of its inaugural private equity fund, McNally Capital Fund II, with over $150 million in limited partner fund commitments and related co-investments.
The firm has over $500 million in total assets under management (AUM) and now has 15 investment and operating professionals to support its growth.
McNally Capital has already completed the first two investments out of McNally Capital Fund II with the acquisitions of Orbis Operations and Smith & Oby. Through the fund, the firm will continue its differentiated investment strategy of investing in founder-, family-, and management-owned companies in the lower middle market, with a focus on the aerospace & defence, industrial products & services, and business services industries.
McNally Capital’s thesis-driven approach targets US-based businesses that are seeking a like-minded partner. The firm is focused on lower middle market businesses with $5 to $30 million in EBITDA and is currently prosecuting the following investment theses across its core industries of focus: national security & intelligence, facilities management, and water.