LFM Capital has closed its first fund, LFM Capital Partners, LP, with $110.1 million in aggregate capital commitments.
“We are very gratified by the level of investor support for LFM’s first fund and the opportunity to partner with a handful of prestigious university endowments,” said Steve Cook, Executive Managing Director. “We attribute the fund’s extraordinary capital raising success to the strength of our investing team, our focus on the small, private U.S. manufacturing and industrials markets, and our growing network of operational talent.
The new fund will invest in North American based private manufacturing and industrial services companies that have revenues from $10 million to $100 million and enterprise values ranging from $15 million to $75 million.
LFM is managed by a team composed of Fortune 50 executive managers and private equity professionals who in total have decades of experience in lower middle market investing. The firm was formed in May 2014 by Steve Cook, Executive Managing Director; Rick Reisner, Managing Director; and Dan Shockley, Managing Director. LFM is based in Nashville (www.lfmcapital.com).
“LFM is already pursuing a robust pipeline of attractive investment opportunities sourced through our established network of operating professionals. Our collaborative approach is anchored in an investment team that has been ‘in the shoes’ of its portfolio partners,” said Mr. Cook. “We believe that this approach, together with our extensive operating capabilities and differentiated access to management talent, will continue to attract owners and managers of quality businesses and enhance our ability to deliver attractive returns to our limited partners.”
2014 PEPD • Private Equity’s Leading News Magazine • 10-21-14
