Juggernaut Capital Partners (JCP), a consumer and business services-focused private equity investor in the lower middle market, has held the final closing of Juggernaut Capital Partners III (JCP III), a USD380 million investment fund.
Similar to its two predecessor funds, JCP III will focus on investing in lower middle market companies primarily in the consumer and business services sectors. JCP III’s target amount was USD350 million.
“We appreciate our investors’ support and the trust they have placed in us to manage their beneficiaries’ capital,” says John Shulman, Juggernaut Capital Partners Founder and Managing Partner. “Our third fund marks a new chapter in our history – a prudent and logical expansion of our investor base, investment team and assets under management. Underpinning our new fund will be the same focused investment strategy that has defined our firm and driven our success since inception.”
The senior management team at JCP has invested together for over 15 years, developing best practices and building deep industry expertise through multiple economic and market cycles. JCP III expects to acquire companies and interests in companies with enterprise values generally in the range of USD50 million to USD200 million.
In today’s market, JCP believes a robust set of investment opportunities exist in which JCP III is uniquely positioned to source and add value due to the JCP team’s expertise and deep relationships. In the consumer sector, larger consumer products companies are continuing to divest smaller brands. In the business services sector, JCP sees opportunities arising from the continued trend of companies outsourcing their non-core functions in order to refocus on core competencies and improve efficiencies.