– LFM Capital, a private equity firm, has closed its fourth fund (LFM Capital Partners IV or “Fund IV”) with $462 million in total capital commitments.
– Fund IV marks LFM’s largest fund to date and coincides with its 10th anniversary since the closing of Fund I.
– LFM focuses on lower middle market manufacturing and industrial services businesses in the U.S. and Canada.
– Since its founding in 2014, LFM has completed 21 platform acquisitions and 29 add-on acquisitions across three prior funds.
– The closing of Fund IV brings LFM’s total assets under management (AUM) to over $1 billion.
– Fund IV was oversubscribed, with strong interest from existing and select new investors, leading to a single close.
– LFM Executive Managing Director Stephen Cook expressed gratitude for investor support and emphasized the firm’s commitment to positive social impact, particularly through charitable endowments.
– Cook highlighted LFM’s focus on operational excellence, growth, and continuous process improvement, as well as the team’s enthusiasm for future opportunities in the manufacturing sector.
– Choate, Hall & Stewart LLP served as legal counsel for the LFM IV capital raise.
