OMAHA, NE – April 1, 2024 – McCarthy Partners Management, LLC (“McCarthy Capital”), an Omaha-based growth equity firm, today announced the final closing of McCarthy Capital Fund VIII, L.P. (“Fund VIII”), an $870 million private equity fund. Fund VIII will invest in growing, lower middle-market companies.
“We are pleased to announce the closing of Fund VIII,” said Patrick Duffy, President and Managing Partner of McCarthy Capital. “We are thankful for the continued support of our long-term partners as well as the opportunity to partner with new institutional investors, all of whom enabled us to complete this capital raise quickly.”
McCarthy Capital experienced strong demand for its eighth private equity fund, which was oversubscribed and exceeded its initial target of $700 million.
McCarthy Capital brings a disciplined adherence to its longstanding mission of growing businesses in partnership with management teams that retain substantial ownership and operational control. This specialization has resulted in more than seventy partnerships with closely-held businesses seeking an experienced capital partner.
Through Fund VIII, McCarthy Capital will target investments to support growth equity investments, management buyouts and recapitalizations. Fund VIII seeks to invest in established companies with demonstrated profitability and attractive growth prospects. With conservative capital structures and the addition of McCarthy Capital resources, portfolio companies are enabled to pursue accelerated growth through identifiable value-creation initiatives.
Kirkland & Ellis LLP provided legal counsel, and Lazard provided certain advisory services in connection with the offering.
About McCarthy Capital
McCarthy Partners Management, LLC is a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For more than 35 years, the McCarthy Capital organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. More information about McCarthy Capital can be obtained at www.mccarthycapital.com.
