May River Capital raises $500m for its third fund

• The fund’s limited partners include endowments and foundations, insurance companies, fund-of-funds, family offices, wealth managers, and high-net-worth individuals
• M2O Private Fund Advisors acted as placement agent and Kirkland & Ellis LLP provided legal counsel
• Based in Chicago, May River was founded in 2012

May River Capital has closed its third fund at a hard cap of $500 million.

Fund III will invest in lower middle-market industrial businesses.

The fund’s limited partners include endowments and foundations, insurance companies, fund-of-funds, family offices, wealth managers, and high-net-worth individuals.

Since its founding in 2012, May River Capital has raised more than $1.2 billion in committed capital and has invested in 11 platform companies, as well as completed 17 add-on acquisitions.

On the fundraising, May River Capital said in a statement, “We are thankful for the strong support we have received from such a well-respected group of investors. We look forward to continuing to partner with talented executives and high-caliber, industrial businesses throughout Fund III and beyond.”

M2O Private Fund Advisors acted as placement agent and Kirkland & Ellis LLP provided legal counsel.

Based in Chicago, May River was founded in 2012.