Juggernaut Capital Partners, a Washington, DC-based private equity investor in the lower middle market, closed its third fund, at $380m.
Juggernaut Capital Partners III, L.P., will focus on investing in lower middle market companies primarily in the consumer and business services sectors with enterprise values generally in the range of $50 million to $200 million.
In the consumer sector, JCP sees opportunities given by larger consumer products companies that are continuing to divest smaller brands. In the business services sector, opportunities are arising from the continued trend of companies outsourcing their non-core functions in order to refocus on core competencies and improve efficiencies.
Led by John Shulman, Founder and Managing Partner, Juggernaut Capital Partners provides capital for growth, recapitalizations, acquisitions, and buyouts with in excess of $725 million in committed capital.