Firm: McCarthy Capital Corp
Fund: Fulcrum Growth Partners IV LP
Target: $62.5 million ($125 million after matching partnership)
Hard Cap: $75 million
After about four months in the fundraising market,
The Omaha, Neb.-based firm held a $62.5 million final close on
A regulatory filing for Fund IV lists a hard cap of $75 million and a minimum investment limit of $250,000. The
According to Dana Bradford, president and managing partner of McCarthy Capital, the firm determines the size of its fund offerings based on projected volume of investment opportunities the companies will see over a given time.
“When we were looking at our deal flow, we felt $125 million would be what we could comfortably deploy in the next two to three years,” Bradford, said, noting that Fund IV will have a four-year investment period.
McCarthy Capital’s previous fund,
Typical deals for McCarthy Capital involve industry-agnostic equity investments of at least $10 million into companies with revenues of more than $10 million per year with 3-year operating profits of more than $3 million annually. Bradford said he expects to close Fund IV’s first deal—a minority-stake growth capital investment—by the end of July.
Bradford said Fund IV’s fees are less than the traditional 2 percent management fee and 20 percent carried interest that adorn many private equity funds but decline to provide specifics.