Milwaukee-based private equity firm Generation Growth Capital Inc. (GGC) has closed a second fund. The sponsor intends to Generation Growth Capital Fund II LP to make investments up to $10 million in equity per transaction. GGC specializes in specific sectors and regions, including manufacturing and distribution businesses located throughout the Midwest.

So far, the private equity firm has facilitated two deals through Fund II. In January 2012, GGC purchased Midway Industrial Supply Inc., a St. Paul, Minn., provider of industrial fluid-handling and spray-finishing equipment (pictured). The firm followed up in April 2012 with the acquisition of Tri Aerospace LLC, a Terre Haute, Ind. maker of machined components for airplane engines.

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