Juggernaut Capital Partners, an investor in consumer and business services companies, has held a final close for Juggernaut Capital Partners III, LP, with $380 million of capital commitments. Juggernaut’s target for the new fund was $350 million.
“Our third fund marks a new chapter in our history – a prudent and logical expansion of our investor base, investment team and assets under management,” said managing partner John Shulman. “Underpinning our new fund will be the same focused investment strategy that has defined our firm and driven our success since inception.”
Juggernaut invests in middle market companies with enterprise values from $50 million to $200 million. Sectors of interest include consumer products and business services. The firm will take positions both as a controlling shareholder and as an influential minority investor. Juggernaut was founded in 2009 by Mr. Shulman and is headquartered in Chevy Chase, MD (www.juggernautcap.com).
According to Juggernaut, specific markets trends are buoying the firm’s investment criteria. In the consumer sector, larger consumer products companies are continuing to divest smaller brands. In the business services sector, there is a continued trend of companies outsourcing their non-core functions in order to refocus on core competencies and improve efficiencies.
Proskauer Rose (www.proskauer.com) served as legal counsel to Juggernaut for this fundraise.
© 2016 Private Equity Professional • 6-10-16
