JMC Capital Partners has held a closing of JMC Platform Fund I, LP (Fund I) with $125 million of capital commitments, $25 million above the firm’s target of $100 million. The investor base of Fund I consists largely of institutional investors and family offices.
“We are very pleased with the interest and support we received from our investors. We look forward to continuing our operationally focused strategy in the industrial lower-middle market in North America, where we believe we can continue to achieve strong returns for our investors,” said Michael D’Amelio, Managing Partner at JMC Capital Partners.
JMC Capital Partners invests from $5 million to $15 million in lower-middle market industrial companies that manufacture “intermediate” products (i.e. products that are sold to other businesses). Sectors of interest include industrial components and equipment; electrical and electronic equipment; process instrumentation and controls; analytical instruments and measuring devices; fluid control, filtration and pumps; specialty chemicals, adhesives and coatings; plastics and synthetic materials; and healthcare and safety equipment.
JMC was founded in 1999 by Mr. D’Amelio and G. Lawrence Bero and is based in Boston (www.jmccp.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-13-14