Morgenthaler closes at $250m

 Morgenthaler Private Equity continue to target industrial manufacturing services companies.

 MPE Partners II has held a final close at its hard-cap of $250 million. The oversubscribed vehicle, which was launched in April 2016, invests in industrial manufacturing and services companies in North America. All of the institutional investors in MPE Partners I also committed to MPE Partners II.

There were 30 investors in the fundraise.

Jones Day served as the advisor to the fund.