M/C Partners Closes Fund VIII at Hard Cap of $350 Million

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Boston, MA, April 05, 2019 – M/C Partners (“M/C”), a leading private equity firm, announced today the final closing of its most recent fund. M/C Partners VIII, L.P. (“Fund VIII”) was oversubscribed closing at its hard cap of $350 million.

M/C’s specialized investment strategy remains focused on investing in targeted high growth infrastructure and services segments of the $1 trillion Telecommunications and Information Technology industries. Led by Managing Partners Jim Wade, Gillis Cashman and Brian Clark, the team’s experience spans multiple economic cycles where they employ a flexible model investing in businesses in all stages from early formation, growth capital, consolidations, mature carve-outs and distressed acquisitions.  M/C proactively seeks out well-positioned entrepreneurial managers and companies through a thesis driven approach to be a lead investor that typically invests $10 to $50 million of equity.

“We are very pleased to announce the final closing of Fund VIII. We greatly appreciate the confidence and trust of our investors,” said Jim Wade, Managing Partner of M/C. “This successful fundraising highlights our investors’ enthusiasm for the strength of our team, our differentiated investment strategy and the compelling market opportunity.”

Gillis Cashman, Managing Partner, remarked that “it is an opportune time to be at the forefront of identifying emerging trends within our core industries and to partner with highly capable management teams.” Brian Clark, Managing Partner, commented that “the entire M/C team is excited to apply our long-term experience and network of relationships to attract top talent and serve as supportive, value-added partners helping to grow our portfolio companies organically and through acquisitions.”

John McCormick, Managing Director at Monument Group, added, “M/C Partners is one of the most experienced and preeminent investors in the broader IT/ Communications space and we were privileged to assist them on this successful fundraise.”

Monument Group, Inc. served as placement agent for Fund VIII, while Latham & Watkins LLP provided legal counsel.

About M/C Partners

Based in Boston, Massachusetts, M/C Partners is a private equity firm focused exclusively on the communications and information technology sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies, generally investing in companies with enterprise values of $25 million to $250 million. Related current and prior investments include Zayo, Lightower, Ensono, Everstream, Denovo, Neutral Connect Networks, Thrive, Involta, ICG Communications, MetroPCS, Fusepoint and NuVox. The firm has strong institutional backing as well as a long track record of success. For more information, visit www.mcpartners.com.

About Monument Group

Monument Group is a leading, independent global private fund placement agent with offices in Boston, London, Hong Kong and Tokyo. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise funds totaling over $100 billion of equity. Monument Group’s clients represent a broad range of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure, venture and real estate.

Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong. For more information, visit www.monumentgroup.com.

Cuba Burch Berner

Cuba Burch Berner is an Associate at M|C Partners, where he focuses on investment opportunities in digital infrastructure and technology services. Prior to joining the firm in 2022, Cuba was an Equity Research Associate at Citi covering infrastructure companies within the telecommunications industry, including data centers and wireless towers. He holds a B.S. in Mathematics with a specialization in Economics from the University of Chicago. Cuba currently lives in Boston’s West End and enjoys  a myriad of outdoor activities including running, swimming, hiking, and skiing.

Joined

2022

AFFILIATED PORTFOLIO

Contact

BOARD POSITIONS

AccentHealth

AccentHealth operates an out-of-home advertising network that reaches over 12,000 physician office waiting areas in the U.S. – JOHN WATKINS

TEAM MEMBERS

SECTOR

IT SERVICES

James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As a founding managing partner, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Triad Communications (acquired by T-Mobile), Brooks Fiber Properties (IPO and sale to AT&T Wireless), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

JOINED

1986

Contact

BOARD POSITIONS
Connectivity Wireless

 

Connectivity
Wireless
Involta

Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

Joined

2015

AFFILIATED PORTFOLIO

Thrive Networks

Contact

BOARD POSITIONS

Ascend Technologies
Connectivity Wireless
Edafio Technology Partners
TowerCom