JMC Capital Partners has held a final close of JMC Platform Fund II with $206 million in capital commitments. The new fund closed at the hard cap and was oversubscribed. The firm’s first fund, JMC Platform Fund I, closed in 2013 with $125 million in capital commitments.
Limited partners in the Fund II include the usual mix of foundations, endowments and family offices. “We are appreciative of the support and confidence we have received from both our existing and new investors,” said Michael D’Amelio, JMC’s Managing Partner. “We are firmly committed to aggressively execute on our strategy and serve our investors, management teams, and employees.”
JMC invests in what it calls the “lower lower” middle market industrial product and technology sectors. The firm acquires companies with revenues between $5 million and $35 million and then executes a plan to grow the businesses and build profitability through add-on acquisitions and operational improvements. JMC was founded in 1999 by Mr. D’Amelio, and Lawrence Bero and is based in Boston (www.jmccp.com).
Goodwin Procter provided legal services to JMC for this fundraise.
© 2017 Private Equity Professional | January 13, 2017