Madison River Capital, a NYC-based lower middle market private equity firm, closed its first institutional fund, Madison River Capital Fund I, at over $370M.
MRC will use Fund I to advance its strategy of control buyout investments in the lower middle market, with a focus on the healthcare services, industrials, and business services sectors.
To date, the fund has completed two platform investments in companies with meaningful growth potential which operate in sectors in which MRC has deep expertise:
- Senior Care Therapy, a provider of patient-centered psychology and mental health services to the geriatric population in sub-acute, long-term care, and assisted living communities. Under MRC’s ownership, SCT has accelerated its offering and has executed a strategic add-on acquisition to broaden the company’s service offerings to psychiatry and medication management.
- JDC Power Systems, an electrical systems integrator exclusively serving the data center market. Under MRC’s ownership, JDC has expanded its capabilities, broadened its leadership team, and made significant value creation investments to scale its platform.
MRC was established in 2022 following its spin out from Jefferson River Capital, the family office of Tony James, the former President and Chief Operating Officer of Blackstone. It is led by David Wittels, who previously led Jefferson River and its corporate private equity investment team, as well as a talented and seasoned team which has worked together for over a decade.
FinSMEs
19/02/2025