Mega fund for CCMP

The closing of CCMP II increases the amount of CCMP Capital’s assets under management and committed capital to US$10bn. The founders of the business have invested over US$12bn since 1984 in the consumer, energy, healthcare, industrial and media sectors.

Stephen Murray, CCMP Capital president and chief executive officer said: “The closing of CCMP II is both a significant milestone for our firm and the recognition of the success of our investment strategy, which has generated superior returns for our investors. We believe that exciting investment opportunities have been created by current market conditions and we are well positioned to pursue and capitalise on these opportunities.

Fund raising for CCMP II was met with considerable enthusiasm from investors and has a more diversified investor base than the previous fund.

CCMP II has already invested in three companies, two in the industrial sector and one in the consumer sector. These are Generac Power Systems, a North American manufacturer of standby power generators; Edwards, the UK-based manufacturer of vacuum products for the semiconductor and general vacuum markets; and Aramark, a global food and support services and uniform provider to healthcare institutions, universities, schools, stadiums and arenas and businesses.