Ropes & Gray advised Monomoy Capital Partners, a private investment firm focused on the middle market, on the close of its fifth private equity fund, Fund V, at $2.25 billion of committed capital. Fund V exceeded its initial target of $1.6 billion and was oversubscribed.

Fund V’s limited partner hard cap was fully allocated at $1.999 billion within eight weeks and reached its final close in five months total. Fund V received commitments from new and returning LPs across leading endowments, foundations, pension plans, insurance companies and family offices. The firm’s meaningful GP commitment underscored the fund’s momentum. Fund V will invest in manufacturing, distribution and business services companies that the firm believes can benefit from its strategic and operational capabilities.

The Ropes & Gray team included asset management partners Amanda Persaud and Jon Rash, and tax partner Sam Duncan.

“We are thrilled to have represented Monomoy Capital Partners on its exceptionally fast-paced closing of MCP Fund V at $2.25 billion,” said Amanda Persaud. “We are grateful to the MCP team for their continued partnership and commitment to collaboration. Ropes & Gray has a leading private fund formation practice, and our asset management practice has more than 300 partners, counsel and associates globally.”