Midwest Growth Raises $56.7M for Newly Launched Fourth Investment Fund

Midwest Growth Partners said it raised $56.7M so far for its fourth investment fund, Midwest Growth Partners IV.

Sales of the fund, which has so far attracted commitments from 24 investors, began on December 11, according to a filing. Midwest Growth said it expects fundraising to last for more than a year.

The fund's predecessor, Midwest Growth Partners III, was oversubscribed, closing in 2023 with $170M in total capital commitments, surpassing its initial target. The third fund marked Midwest Growth Partners' largest fundraising at the time. The private equity fund manager planned 10 to 15 investments through the third fund over the next five years from closing.

Midwest Growth Partners oversees more than $325M of private capital. The lower-middle-market fund manager targets growing businesses and is exploring opportunities to invest in distressed and/or turnaround companies. It typically allocates between $500K to $10M for each equity investment.

Written By: Dakota

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Midwest Growth Raises $56.7M for Newly Launched Fourth Investment Fund

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