The latest offerings in investments, such as funds, structured products, specific programs and developments.

MPE Partners
MPE Partners, aka Morgenthaler Private Equity, which is a firm focused on the lower middle-market segment based in Cleveland, Ohio and Boston, Massachusetts, has closed its third fund, MPE Partners III, LP and its parallel funds, MPE Partners III, at the hard cap of $420 million. 

The firm launched fundraising in July 2020 and did not use a placement agent. The third fund was oversubscribed, it said in a statement this week. MPE expects to invest MPE Partners III in business-to-business manufacturing and services companies similar to those in MPE's prior funds.

"Raising a private equity fund in the middle of a global pandemic is a challenging task. We are grateful for the trust our limited partners have placed in us, the tireless effort of our investment staff, and the outstanding performance of our portfolio company management teams. We also want to recognize our lending partners, third-party advisors, and Executive Council members for their substantial contributions throughout 2020. MPE Partners III is the successful culmination of an amazing team effort," Karen Tuleta, partner at MPE, said.

MPE invests in companies with earnings before interest, taxation, depreciation and amortization of typically between $5 and $20 million.