Mill Point Capital LLC, a New York City based private equity firm, announced today the final close of Mill Point Capital Partners II LP. Fund II received $886 million of total capital commitments and closed at its hard cap in less than four months. This is the second fund raised by Mill Point, which targets control investments in lower middle-market companies in North America across the industrial, business services, and IT services sectors.
“We are grateful for the strong support from our existing limited partners and overwhelming interest from new limited partners, especially during these unprecedented times,” commented Michael Duran, founder & managing partner of Mill Point.
Acalyx Advisors Inc. served as exclusive placement advisor and Kirkland & Ellis LLP served as legal counsel.