MFG Partners racks up nearly $300m for maiden PE fund

Fund I will invest in U.S.-based manufacturing, value-added distribution and industrial service businesses in the lower-middle market.

  • The fund’s LPs include university endowments, insurance companies, pension funds and private foundations
  • Kirkland & Ellis LLP served as fund counsel while M2O Private Fund Advisors served as placement agent
  • MFG is led by Jeff Mizrahi and Jonathan Schilowitz, who founded the firm in 2016

MFG Partners has closed its inaugural private equity fund at $299.18 million.

Fund I will invest in U.S.-based manufacturing, value-added distribution and industrial service businesses in the lower-middle market.

The fund’s limited partners include university endowments, insurance companies, pension funds, and private foundations.

“We are thrilled to have surpassed our fundraising goal for our first fund. This capital will allow us to continue executing our strategy and to grow our exceptionally talented team,” said Mizrahi in a statement.

Kirkland & Ellis LLP served as fund counsel while M2O Private Fund Advisors served as placement agent.

MFG is led by Jeff Mizrahi and Jonathan Schilowitz, who founded the firm in 2016. MFG is based in New York.