Mill Point Capital Llc Raises $1.7 Billion in Oversubscribed Fund III

– Mill Point Capital LLC, a New York City-based private equity firm, announced the final close of Mill Point Capital Partners III, L.P. (Fund III).

– Fund III raised approximately $1.7 billion in total capital commitments.

– The fund was oversubscribed and closed at the hard cap in less than five months from launch.

– Mill Point focuses on value-oriented, control investments in lower middle-market companies across Business Services, Industrials, and IT Services sectors in North America.

– Fund III received support from a diverse group of global investors, including endowments, foundations, pension plans, insurance companies, family offices, and funds of funds.

– The fund was fully allocated at the hard cap in less than a month from its initial launch, highlighting strong demand from limited partners.

– Michael Duran, Founder & Managing Partner, highlighted the firm’s operationally-intensive strategy and integrated approach that has driven value creation and resonated with investors.

– Dustin Smith, Managing Partner, emphasized the firm’s commitment to its investment strategy and readiness to partner with lower middle-market businesses for transformative strategic initiatives.

– Asante Capital Group Advisors LLC acted as the exclusive global placement agent.

– Kirkland & Ellis LLP served as legal counsel to Mill Point.