Main Post Partners Closes Inaugural Fund at $400 Million
Ropes & Gray advised Main Post Partners on the formation of its inaugural fund, Main Post Growth Capital, L.P., which closed at a total of $400 million in third-party limited partner commitments, surpassing its initial target of $250 million. The final closing of the fund was announced March 8.
The fund received commitments from a select group of prominent investors, including college endowments, insurance companies, family offices, corporate and state pension funds, fund-of-funds, and high net worth individuals. Main Post Partners' principals and its executive network also contributed significant capital to the new fund.
Founded in 2014 and based in San Francisco, Main Post Partners is a private equity firm focused on investing in high growth companies across the consumer value chain, services and manufacturing sectors.
The Ropes & Gray team included private investment funds partner Ann Milner; private investment funds associates Arthur Andersen and Joseph Povec; corporate associate Kevin Cegan; and tax & benefits associate Franziska Hertel.