Main Post Partners has held a final above target closing of its inaugural fund, Main Post Growth Capital, LP, with a total of $400 million in third-party limited partner commitments, well in excess of its initial target of $250 million. Limited partners in the new fund include college endowments, insurance companies, family offices, corporate and state pension funds, fund-of-funds and high net worth individuals. Main Post’s principals and its executive network also contributed capital to the new fund.
“We are very grateful to have the trust and support of a distinguished group of limited partners who value our commitment to identifying exceptional management partners, implementing real operational improvements, and building value,” said Sean Honey, Managing Partner. “Looking forward, we are excited to continue backing and building leading growth companies in the middle market.”
Main Post invests in middle market growth companies in the consumer, business services and industrial growth sectors. The firm was founded in April 2014 by managing partners Sean Honey and Jeffrey Mills, both former partners at Weston Presidio. Main Post is headquartered in San Francisco (www.mainpostpartners.com).
Current investments in the Main Post portfolio include Arch Manufacturing, Chuze Fitness and EagleRider which was acquired just last month. EagleRider is described as the “world’s largest motorcycle experience company”. More technically, the company operates a network of more than 100 travel agencies and tour operators that rent, sell and service motorcycles, and produce both self-guided and guided motorcycle travel tours. The company specializes in Harley-Davidson, Indian, BMW, Honda and Triumph motorcycles. EagleRider was founded by motorcycle enthusiasts Chris McIntyre and Jeff Brown in 1992 and is headquartered southwest of Los Angeles in Hawthorne, CA (www.eaglerider.com).
“We are excited to close this fund with three new investments already in the Main Post portfolio. Arch Manufacturing, Chuze Fitness and EagleRider are led by management teams who are driving disruptive change within their industries and who share our cultural commitment to operational excellence,” said Jeff Mills, Managing Partner.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-8-16