MPE Mgt. Co., LLC (“MPE” or the “Firm”) is organized as a limited liability company under the laws of
the State of Delaware in 2012. MPE is wholly owned and controlled by Peter G. Taft, Joe Machado, Karen
Tuleta, Graham Schena, Matthew Yohe, and Constantine Elefter (“MPE Managing Directors”).
MPE serves as an investment manager and provides discretionary advisory services to ten private funds
(individually, a “Fund” and collectively, the “Funds”), which includes their parallel vehicles:
- MPE Partners, L.P. and MPE Partners (PF), L.P. (collectively, “MPE Fund I”),
- MPE Partners II, L.P., MPE Partners II (PF), L.P., and MPE Partners II (TE), L.P. (collectively,
“MPE Fund II”),
- MPE Partners III, L.P., MPE Partners III (PF), L.P., and MPE Partners III (TE), L.P.
(collectively, “MPE Fund III”), and
- MPE Partners IV, L.P. and MPE Partners IV (TE), L.P. (collectively, “MPE Fund IV”).
The Funds were organized to invest in lower middle market leveraged buyouts, recapitalizations, and
build-up investments focusing on high-value manufacturing and commercial & industrial services. MPE
Fund I was established with a three-year investment period and total capital commitments of $110.0
million. As of December 31, 2023, MPE Fund I was fully invested and had exited all five platform
investments, maintaining investments in two rollover equity securities and reserving remaining capital for
add-on acquisitions and operating expenses. MPE Fund II was established in 2016 as a private equity fund
with a five-year investment period and total capital commitments of $254.6 million. As of December 31,
2023, MPE Fund II was fully invested and had exited five of its eight platform investments (excluding its
two minority investments in MPE Fund III platform investments) with remaining capital reserved for add-
on acquisitions and operating expenses. MPE Fund III was established in 2020 as a private equity fund
with a five-year investment period and total capital commitments of $428.1
million. As of December 31,
2023, MPE Fund III was fully invested and had made nine platform investments with remaining capital
reserved for add-on acquisitions and operating expenses. MPE Fund IV was established in 2023 as a
private equity fund with a five-year investment period and total capital commitments of $633.2 million. As
of December 31, 2023, MPE Fund IV had not yet made its first platform investment. Each Fund typically
makes its investments through a holding company entity along with other co-investors.
The investment activities of MPE are led by the MPE Managing Directors who, together with other MPE
Investment Professionals, comprise the members of the Firm’s Investment Committee. MPE provides
investment advice directly to the Funds and not individually to the limited partners of the Funds (the
“Investors” or “Limited Partners”). MPE manages the assets of the Funds in accordance with the terms of
each Fund’s limited partnership agreements and other governing documents applicable to each Fund (the
“Governing Fund Documents”). All terms are generally established at the time of the formation of a Fund
with the exception of certain terms that have been in the past and may in the future be modified by side
letters with certain investors. Except in limited circumstances, Limited Partners are not permitted to
withdraw from a Fund prior to the Fund’s dissolution.
Limited Partners’ interests in the Funds are not registered under the U.S. Securities Act of 1933, as
amended (the “Securities Act”), and the Funds are not registered under the Investment Company Act of
1940, as amended (the “Investment Company Act”). Accordingly, interests in the Funds are offered and
sold exclusively to investors satisfying the applicable eligibility and suitability requirements.
As of December 31, 2023, MPE managed approximately $1,462.6 million of assets on behalf of the Funds
on a discretionary basis. MPE does not manage assets on a non-discretionary basis.