Metropolitan Partners Group Completes Fund V Capital Raise
- Metropolitan's largest fund raised since inception
- Texas Tech University commits $57 million
- Fund invests in U.S. non-sponsored companies with revenues under $100 million
NEW YORK, Dec. 7, 2018 /PRNewswire/ -- Metropolitan Partners Group Management, LLC ("Metropolitan"), a direct-lending firm that provide senior-secured, short-term capital to small and mid-sized businesses in the U.S., announced today that it has raised $172 million, including co-investment rights, for its fifth and largest direct lending fund—Metropolitan Partners Fund V ("Fund V").
Fund V invests in U.S. non-sponsored companies in the lower middle market with revenues under $100 million that have not yet received institutional investor capital, are going through a period of growth and require additional capital in order to achieve scale.
"We are pleased to welcome new investors to Fund V and are thankful for the opportunity to continue to partner with our existing investors," said Paul Lisiak, Metropolitan's Managing Partner and Chief Investment Officer. "We believe that the interest we received in Fund V is a testament to our team's strong track record of execution, exceptional investment and operating expertise and targeted investment focus, which provides differentiated investment exposure for our investors. The non-sponsored lower middle market continues to be critically underserved with many borrowers looking for a stable capital partner that will help them get to the next level of success. We serve as that much needed partner."
Fund V has a diverse limited partner investor base, which includes: university endowments, insurance companies, wealth managers and family offices. Texas Tech University, a cornerstone investor for Metropolitan's Fund IV, more than doubled its allocation to Metropolitan this year, committing $57 million. As of today, Fund V has deployed more than a quarter of the capital it raised, with over $50 million in investments to six companies.
Since the firm's inception, Metropolitan has secured more than $600 million in committed capital and has completed over 60 investments in lower middle market companies in the areas of: specialty finance, local infrastructure, telecom, heavy equipment, niche manufacturing and automation.
Metropolitan's Fund IV strategy, which closed in 2017, is fully invested and has made investments of approximately $100 million to date.
About Metropolitan Partners Group:
Metropolitan Partners Group is a direct-lending firm that provides senior-secured, short-term capital to small and mid-sized businesses in the U.S. that have not had an institutional investor, are going through a period of growth and require additional capital in order to achieve scale. The firm provides short-term loans of $5 million to $25 million to fundamentally sound companies with a typical loan term of 12 to 36 months. Since its inception in 2008, Metropolitan has deployed more than $600 million of capital and completed over 60 investments with companies across several business sectors, including specialty finance, local infrastructure, telecom, heavy equipment, niche manufacturing and automation. To learn more, go to: www.metpg.com
For Media Inquiries:
Catherine Polisi Jones
Polisi Jones
917.330.8934
[email protected]
SOURCE Metropolitan Partners Group Management, LLC
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