CCMP Growth Raises $500M+ Middle-Market Fund Targeting 10%+ Growth Platforms

CCMP Growth’s recent fundraise (CCMP Capital Investors IV, or CCMP IV) closes a fund of just over US$500 million, surpassing its original target and reflecting strong LP confidence in its strategy. [1][2] The firm, spun out in 2022 from CCMP Capital Advisors by co-Managing Partners Joe Scharfenberger and Mark McFadden, inherits much of its predecessor’s infrastructure, relationships, and core team—but with a tighter mandate: middle market consumer and industrial businesses in North America, typically family- or founder-owned, with 10%+ organic growth and EBITDA in the US$15–75 million range. [2][10][1]

The fund has already deployed capital into four platform investments—Mammoth Holdings, Omnia Exterior Solutions, Decks & Docks, and Innovative Refrigeration—all aligned with the targeted growth parameters. [1][2] These platforms show strong operational momentum: in 2023 they on average achieved ~16% revenue growth and ~21% EBITDA growth. [2] CCMP Growth also emphasizes bolt-on acquisition strategies: in the past 12 months, the four platforms together made 11 add-on acquisitions. [2] Technology enablement across underserved verticals, digital tools, and operations is also a theme. [1]

Strategically, CCMP Growth is betting that with macro headwinds—slowing deal activity, low exit velocity, and cautious LP sentiment—its model of combining control investments, strong operator alignment, and scaling via add-ons offers differentiated risk/return. The firm enjoys deep LP support, including many from legacy CCMP, as well as employee and founder co-investment (10%+ of fund commitments), aligning incentives. [2] Its advisor network is expanding, illustrated by the recent appointment of Peter Papagiannis to the firm’s Executive Advisory team to support value creation across its Industrial/Consumer platforms. [5][2]

Risks center on inflationary pressures, supply chain constraints, rising interest rates (which increase cost of capital for leverage and acquisitions), potential valuation compression, and exit market weakness. Additionally, focusing on founder/family businesses—and smaller-platform companies—introduces operational idiosyncrasies, governance challenges, and possibly limited scale or exit buyer pools.

Open questions include: how successfully CCMP Growth will continue sourcing high-quality platforms in a competitive market; what its leverage levels are in deals; how it handles valuation risk; how the firm balances growth (organic and via acquisition) withmargin preservation; and what its exit strategy time horizon is for these platforms in current market conditions.