May River Capital, a Chicago, IL-based private equity investment firm, closed its sophomore fund, May River Capital Fund II, LP, at $300m in limited partner subscriptions.
The fund received capital commitments from a group of LPs including university endowments, insurance companies, charitable foundations, fund-of-funds, family offices and high-net-worth individuals.
The vehicle will continue the firm’s focus on investing in high quality, lower middle-market industrial businesses with excellent management teams and the potential for significant growth and value enhancement.
Led by founding partners Chip Grace, Steve Griesemer and Dan Barlow, May River Capital invests in high-quality industrial growth businesses, including precision manufacturing, engineered products, specialized industrial services, and value-added industrial distribution services.
Since its founding in February 2012, the firm has closed and managed seven investment platforms as well as 10 add-on acquisitions. In 2019, the firm successfully completed two exits.