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

Related Content

Report: BC Partners Targets €6B Raise for 12th Flagship Fund
February 11, 2025

Adamantem's Environmental Opportunities Fund Secures $221.1M at Close
February 11, 2025

Longshore Capital Closes Second PE Fund at $325M Hard Cap
February 10, 2025

Pathway to Offer RIAs Access to Funds through Proteus Platform
February 06, 2025

BlueOrchard's Second Climate-focused Private Equity Fund Hits $100M
February 06, 2025

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

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

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company