Mountaingate Capital's Fund III Achieves $570 Million Milestone
Mountaingate Capital Successfully Closes Fund III
Mountaingate Capital recently announced a significant achievement in the private equity sector by concluding its founder-focused private equity fund, known as Mountaingate Capital Fund III, with an impressive $570 million in capital commitments. This milestone elevates Mountaingate's total assets under management to over $1.4 billion, showcasing its robust growth in the industry.
Rapid Fundraising Success
The fundraising journey for Fund III was notably swift, having been completed within a mere three months, illustrating strong demand from both existing and new investors. The fund was oversubscribed, reflecting the market's confidence in Mountaingate's strategies and management. Investors included a diverse range of institutional backers, such as university and nonprofit foundations, global insurance organizations, and pension systems.
Investment Strategy Focused on Founders
Continuing its commitment to investing alongside founders and entrepreneurs, Fund III will target core sectors that are vital in today’s economy. These sectors encompass digital and technology-driven marketing, business services, specialty manufacturing, and value-added distribution. Mountaingate's approach emphasizes collaboration with management teams to identify and capitalize on growth opportunities.
Leadership Insights on Fundraising Success
Bennett Thompson, Co-Founder and Managing Director of Mountaingate, expressed gratitude for the overwhelming support received from a diverse array of investors. He stated, "The successful closing of Fund III allows Mountaingate to focus on our disciplined investment process, backing founders and entrepreneurs to drive transformational growth." This statement highlights the importance Mountaingate places on the relationships it has built over the years with both its investors and portfolio companies.
Expertise and Advisory Support
In this successful capital raise, Atlantic-Pacific Capital, Inc. provided expert advisory services as the exclusive global placement agent for Fund III, while Kirkland & Ellis LLP acted as legal counsel. Their contributions played a vital role in facilitating this complex process, ensuring that all aspects of the fund's closing were managed efficiently and effectively.
About Mountaingate Capital
Mountaingate Capital, based in Colorado, is a prominent private equity firm dedicated to partnering with founders and entrepreneurial entities to fuel their growth and establish market leaders. With a strong emphasis on organic expansion and a customer-oriented buy-and-build strategy, Mountaingate endeavors to create greater value for customers and foster more robust partnerships with management teams. Specializing in marketing services, business services, and specialty manufacturing, Mountaingate has established itself as a formidable player in the private equity space.
Frequently Asked Questions
What is Mountaingate Capital Fund III?
Mountaingate Capital Fund III is a private equity fund focused on investing with founders and entrepreneurs in various sectors, recently closed with $570 million in commitments.
What was the total capital raised for Fund III?
Fund III successfully raised a total of $570 million, achieving its hard cap and underscoring strong investor confidence.
How long did it take to close Fund III?
The fundraise was completed in less than three months, showcasing efficient fundraising processes at Mountaingate Capital.
Who acted as the placement agent for Fund III?
Atlantic-Pacific Capital, Inc. served as the exclusive global placement agent and advisor for Fund III.
What sectors does Mountaingate Capital focus on?
Mountaingate Capital invests in sectors such as digital marketing, business services, specialty manufacturing, and value-add distribution.
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