Ropes & Gray advised Monomoy Capital Partners, a private investment firm focused on the middle market, on the close of its fifth private equity fund, Fund V, at $2.25 billion of committed capital. Fund V exceeded its initial target of $1.6 billion and was oversubscribed. The closing was announced on July 9 in a press release.
Fund V’s limited partner hard cap was fully allocated at $1.999 billion within eight weeks and reached its final close in five months total. Fund V received commitments from new and returning LPs across leading endowments, foundations, pension plans, insurance companies and family offices. The firm’s meaningful GP commitment underscored the fund’s momentum. Fund V will invest in manufacturing, distribution and business services companies that the firm believes can benefit from its strategic and operational capabilities.
The Ropes & Gray team included asset management partner Jon Rash and tax partner Sam Duncan.
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