- Jones Day served as fund counsel to MPE
- Based in Cleveland and Boston, MPE backs lower middle market companies with transaction values up to $250 million
- MPE targets manufacturing and commercial & industrial services
Morgenthaler Private Equity has closed its fourth fund at a hard cap of $633 million.
MPE Partners IV will invest in entrepreneur- and family-owned companies in the business-to-business manufacturing and services sectors.
On the fundraising, Matt Yohe, a partner at MPE, said in a statement, “Thank you to our outstanding base of returning limited partners. Fund IV reflects strong retention and growth with our existing relationships along with the addition of a select number of new investors.”
Jones Day served as fund counsel to MPE.
Based in Cleveland and Boston, MPE backs lower middle market companies with transaction values up to $250 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services.