LFM wraps up third fund at $307m

LFM Capital has closed its third fund at $307 million.

LFM Capital has closed its third fund at $307 million. Choate Hall & Stewart LLP served as legal counsel for the fundraising. LFM invests in lower middle market manufacturing and industrial services businesses.


NASHVILLE, TN – March 22, 2022 – LFM Capital, a private equity firm founded in 2014 focused on lower middle market manufacturing and industrial services businesses, announced today that it has closed its third fund, LFM Capital Partners III (“LFM III” or “Fund III”) with $307 million in aggregate capital commitments.

LFM III received strong investor interest from both existing investors in prior funds as well as several new investors with whom the team has cultivated relationships in recent years. LFM’s prior two funds had commitments of $110 million and $184 million, respectively.
Steve Cook, LFM Executive Managing Director, commented, “We are thrilled with the continued investor interest and support for LFM over the years. After closing our second fund in 2018, we ultimately raised Fund III sooner than originally anticipated due to very strong momentum in 2021, including numerous successful exits from Fund I and new acquisitions across the portfolio. We are honored that all Fund II Limited Partners also invested in LFM III, and we feel fortunate to be partnered with this group of well-respected investors in addition to our new LPs. We will strive to continue our track record of success as we continue to grow.”

Additionally, LFM is pleased to announce several recent promotions. Conner Harris, who joined LFM in 2019 as Director, was promoted to Managing Director and Jessica Ginsberg, who joined LFM in 2015 as Vice President, Business Development, was promoted to Managing Director, Business Development. Alex Weinstein, who joined LFM in 2020 as Associate, was promoted to Senior Associate.

Steve Cook noted, “We are delighted to recognize the important contributions of our team members to the Firm. We remain committed to developing and growing our talented, collaborative team to make LFM the partner of choice for leading U.S. manufacturing companies.”

Choate Hall & Stewart LLP served as legal counsel for the LFM III capital raise.

About LFM Capital
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, extensive professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.
For additional information, please visit www.lfmcapital.com.