MGP gathers $170m for third fund

MGP invests in the U.S. food and agriculture, manufacturing, and distribution industries, often in rural, underserved areas.

  • Between MGP’s three funds, over $140 million has been directly invested into 29 private businesses thus far
  • Fund III will make 10 to 15 investments
  • MGP’s investors include members of the Farm Credit System, family offices, commercial banks, corporations and trade organizations

Midwest Growth Partners has raised $170 million for its third fund.

MGP invests in the U.S. food and agriculture, manufacturing, and distribution industries, often in rural, underserved areas.

Between MGP’s three funds, over $140 million has been directly invested into 29 private businesses thus far.

Fund III will make 10 to 15 investments. MGP’s investors include members of the Farm Credit System, family offices, commercial banks, corporations and trade organizations.

“Since starting MGP, the achievements we’ve realized here and within our portfolio companies have been remarkable and are the result of working with people who share our values of hard work and integrity,” said John Mickelson, co-founder and managing partner at Midwest Growth Partners, in a statement. “Closing our third and largest fund is a huge milestone, and we’re looking forward to the next chapter,”

Based in Iowa, MGP is responsible for more than $325 million of private capital across three funds. Current MGP investments have revenues totaling over $1 billion annually, employing over 3,000 people.