LFM Quickly Raises Second Fund

LFM Capital has closed its second fund, LFM Capital Partners II LP, with $184 million in capital commitments. The firm’s earlier fund closed in October 2014 with $110 million of capital commitments.

Limited partners of LFM II include both investors from the firm’s first fund as well as new investors. The new fund closed less than three months after launching fundraising efforts.

LFM is based in Nashville and invests in US-based manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values from $15 million to $125 million.  LFM was formed in May 2014 by Steve Cook, Executive Managing Director; Rick Reisner, Managing Director; and Dan Shockley, Managing Director (www.lfmcapital.com).

“We are extremely humbled by the level of support and strong investor response for LFM II,” said Mr. Cook. “We view this successful and expeditious capital raise as a testament to our team and our ability to leverage the operating experience of our team to execute improvements in the lower middle market niche manufacturing and industrial services companies that we acquire. We appreciate the support from our long-standing and our new limited partners who have entrusted us as stewards of their capital.”

In tandem with the closing of its second fund, LFM has promoted Chris Lin, who joined LFM in 2014 as a Vice President, to Managing Director; Jessica Ginsberg, who joined LFM in 2015 as Vice President, Business Development, was promoted to Director, Business Development; and Noah Krimm, who joined LFM in 2015 as an Associate, was promoted to Vice President.

Choate Hall & Stewart (www.choate.com) provide legal services to LFM for this capital raise.

 

© 2018 Private Equity Professional | October 12, 2018

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