Monomoy Capital Partners, a middle-market private investment firm, has closed its fourth private equity fund. Upon closing, Fund IV totaled over $1.1 billion in commitments.

The firm secured investments from a diverse group of limited partners consisting of endowments, foundations, pension plans, insurance companies and family offices. The fund has closed on four platform investments and an add-on acquisition across business segments and is over 30% invested.

“We believe that our strategy of value investing and value creation is built precisely to take advantage of all economic environments,”said partner and co-CEO Justin Hillenbrand. “We remain committed to providing capital to middle-market businesses that can benefit from our strategic and operational capabilities.”

Ropes & Gray LLP served as fund counsel.