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Monomoy Capital Partners closes third fund at USD767m

Private equity firm Monomoy Capital Partners (Monomoy) has held a final close on its third fund (Fund III) with approximately USD767 million of total commitments, substantially exceeding its target fund size of USD650 million.

Monomoy secured commitments from a globally-diversified group of limited partners for Fund III comprised of leading endowments, foundations, pension plans, insurance companies, family offices and funds of funds. “We are both humbled and energised by this tremendous vote of confidence from existing and new limited partners,” says Dan Collin, a Monomoy Partner and Co-CEO.

“We continue to believe that we are entering a very good economic environment for the Monomoy investment thesis, and we remain committed to providing capital to middle market businesses that can benefit from strategic, operational or financial improvement,” said Justin Hillenbrand, a Monomoy Partner and Co-CEO. “Our distinctive approach to value creation makes Monomoy a strong private equity partner for any middle market business,” adds John Stewart, a Monomoy Partner and head of the firm’s operations group.

Acalyx Advisors and Lazard Frères & Co acted as placement agents for Monomoy during the fundraise. Acalyx will also provide Monomoy with advisory services on investor relations going forward. John Muno and Katie St Peters of Kirkland & Ellis LLP served as legal counsel to Fund III.

“Since we established the firm in 2005, Monomoy has successfully grown from its three founders to a firm of 26 talented private equity professionals dedicated to maximising returns for our limited partners,” says Stephen Presser, a Monomoy Partner. “We are excited to begin our Fund III investment campaign.”

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