Eagle Merchant Partners closed its $266m fund

Atlanta-based firm Eagle Merchant Partners has closed a $266 million fund to invest in lower middle-market companies in the Southeast. The fund focuses on businesses in the industrial and consumer sectors, with a preference for growth-oriented founders. The fund allows the partners to secure investors first and then choose where to allocate the capital. Despite a decline in private equity deals, the partners successfully raised the fund over an 18-month period. They attribute their success to their specialization in the Southeast market. The firm has already made six investments with the new fund, with an average check size of $25 million. The partners expect to complete a total of eight to nine deals.

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