Monomoy Capital Partners, a private investment firm focused on the middle market, closed its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.
Due to substantial interest and significant demand from a growing and globally diversified investor group, Fund V’s limited partner hard cap was fully allocated at $1.999 billion within eight weeks and reached its final close in five months total. Commitments from new and returning LPs across leading endowments, foundations, pension plans, insurance companies and family offices effectually doubled Monomoy’s investor base, with the firm’s meaningful GP commitment underscoring the fund’s momentum.
"The swift, oversubscribed closing of Fund V marks a meaningful milestone in the continuation of Monomoy’s decades-long investment strategy and operational value-creation approach,” shared Monomoy Founding Partner and Co-CEO Dan Collin. “We appreciate the confidence this well-rounded group of limited partners has expressed in its commitment to us. Looking forward, we remain committed to being the partner of choice for middle-market businesses seeking to reach their full potential.”
In alignment with Monomoy’s longstanding focus, Fund V will invest in manufacturing, distribution and business services companies that the firm believes can benefit from its strategic and operational capabilities. Monomoy’s in-house operating team — one of the largest in the middle market — collaborates closely with the firm’s investment team and portfolio company management teams to assist in instilling operational improvements, improving cash flow and fostering growth.
“The wide-ranging enthusiasm for Fund V is a testament to Monomoy’s dedicated team and investment strategy that continue to advance the scale and quality of our global partnerships,” said Monomoy Founding Partner and Co-CEO Justin Hillenbrand. “Success in fundraising is a virtuous cycle — reflecting the ongoing hard work of our entire organization and valued portfolio company partners. We are deeply grateful to all those who have contributed to our ability to expand Monomoy’s impact across the middle market with Fund V.”
Ropes & Gray LLP served as fund counsel, and Probitas Partners served as placement agent.