M/C Partners raises $350m

The Boston, Massachusetts-based private equity firm closes eighth fund at hard-cap.

M/C Partners has held a final close for its eighth fund, M/C Partners VIII, at its $350 million hard-cap. The oversubscribed fund will follow M/C’s specialised strategy of investing in high growth infrastructure and services segments of TMT-focused companies.

Ventura County Employees Retirement Association is among the investors in the fund, having committed $10 million.

Monument Group served as the placement agent for M/C Partners VIII and Latham & Watkins provided legal counsel.