October 05, 2018
MSouth Closes New Private Equity Fund
Atlanta, GA (October 5, 2018) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its latest fund. MSouth Equity Partners IV, L.P. has been formed with $940 million of committed capital, which exceeded the target of $700 million. Fund IV follows MSouth's first three funds which have $1.3 billion of committed capital in total and closed in 2009, 2012 and 2015, respectively.
"We are thrilled with the successful raise of Fund IV. We have a terrific base of existing investors who have consistently supported us across multiple funds. We are pleased to add to this group a number of new, blue-chip names for us," said Peter Pettit, an MSouth Partner. "With their strong support, we will pursue the same investment strategy that has worked well for our investors over the years. We are excited about the opportunities ahead of us and look forward to the new partnership.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $200 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services and telecommunications/media companies. With over $2.2 billion under management across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.