McCarthy Capital has held a final closing of McCarthy Capital Fund VI, LP with $353 million of capital commitments. The new fund was oversubscribed and exceeded its target of $250 million. The firm’s earlier fund, McCarthy Capital Fund V, had a final close in June 2011 with $158 million in capital.
“We are pleased to announce the closing of Fund VI,” said Patrick Duffy, President and Managing Partner of McCarthy Capital. “We appreciate the strong support from existing investors and are grateful for the opportunity to partner with several well-regarded institutional investors to complete this capital raise quickly.”
McCarthy Capital makes investments of $10 million to $50 million in profitable companies that have revenues of at least $15 million. Transaction types include growth equity investments, recapitalizations and management buyouts. The firm was founded by Michael McCarthy in 1986 and has invested in over forty companies, including Cabela’s, Peak 10, Guild Mortgage Company, and Vornado Air. Today, the firm has approximately $1 billion in capital under management and is based in Omaha with an additional office near Boston in Wellesley, MA (www.mccarthycapital.com).
“Fund VI will allow McCarthy Capital to continue its thirty-year focus of making control and substantial minority investments in established private companies. We look forward to partnering with outstanding management teams desiring to maintain significant ownership positions within their business,” said Bob Emmert, Managing Partner.
McCarthy Capital used Lazard (www.lazard.com) as its placement agent and Locke Lord (www.lockelord.com) provided legal counsel.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-1-16