– Mountaingate Capital closed its latest lower-middle-market private equity fund, Mountaingate Capital Fund III, at its hard cap with $570 million in capital commitments.
– Mountaingate’s total assets under management now exceed $1.4 billion.
– Fund III was oversubscribed and closed at its hard cap in less than three months.
– New institutional investors in Fund III include university and nonprofit foundations, global insurance companies, pension systems, and domestic and international asset management firms.
– Fund III will focus on investing alongside founders and entrepreneurs in sectors such as digital, data, tech-driven marketing and business services, value-add specialty manufacturing, and distribution.
– Co-Founder and Managing Director Bennett Thompson highlighted the fundraise’s efficiency and the firm’s commitment to its disciplined investment strategy.
– Atlantic-Pacific Capital acted as the exclusive global placement agent and advisor for Fund III.
– Kirkland & Ellis served as legal counsel.
