Greenwich, CT | August 15, 2019 – Alvarez & Marsal Capital (“AMC”), a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies, announced today that its flagship investment strategy focused on middle-market control transactions in North American held the final closing on A&M Capital Partners Fund II (“AMCP II” or “Fund II”) at its hard cap of $1.2 billion, exceeding its original target of $800 million. AMC is strategically associated with Alvarez and Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world.
Fund II will enable A&M Capital Partners to continue pursuing investments in middle-market companies that are undergoing a management / ownership transition or can benefit from access to significant operational expertise in the areas of corporate carve-outs, consolidation strategies, special situations or businesses requiring specific operational issues or management needs. AMCP II received strong demand from AMC’s diverse network of existing investors plus investors new to AMC, including public pension funds, corporate plans, insurance companies, fund-of-funds, foundations, endowments and family offices. In total, the General Partner and its related entities committed approximately $90mm to AMCP II and comprise ~7.5% of it committed capital.
“We are extremely pleased with the outcome of AMCP II and are fortunate to count some of the largest and most sophisticated private equity investors as our partners. Existing investors from AMCP I significantly increased their commitments to Fund II and we are excited to add several new prestigious limited partners to our partnership” said Mike Odrich, Managing Partner & Founder of AMC. “AMCP II will provide us the capital we need to execute our investment strategy across the economic cycle. Fund II is off to a terrific start with three investment platforms that include eight companies. We look forward to continuing to partner with founders, corporates and management teams through bespoke transactions to create significant value for our stakeholders” added Jack McCarthy, Managing Partner & Founder of AMC.
Evercore Partners and Stifel, Nicolaus & Company acted as fundraising advisors and Simpson Thacher & Bartlett LLP acted as legal advisor.
About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America. AMCP Fund I held its final close in 2014 with $600 million in capital commitments. Between 2012 and 2019, AMCP Fund I invested in 29 companies to date across eight platforms. Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments. AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.
About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.
About Alvarez & Marsal:
A&M is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders. A&M has over 4,000 operating professionals and employees in 60 offices across North America, Europe, the Middle East, Asia and South America. A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.