Main Post Partners has raised its first fund, Main Post Growth Capital LP, with $400 million in capital. The fund backs lower middle-market companies, primarily in the consumer goods and manufacturing sectors.
The San Francisco PE firm has received commitments from college endowments, insurance companies, family offices, pension funds and high net-worth individuals. The fund is investing $25 million to $75 million of equity in businesses with up to $25 million in Ebitda, and will look to partner with management teams. Main Post has already begun backing companies, such as gym operator Chuze Fitness and motorcycle rental service EagleRider. The fund exceeded its initial target of $250 million.