Size and Stage of Development
Direct Fund Private Equity Target Sub-Asset Class Allocations
as a % of invested capital
Venture Capital: Targeting 30-40% of total invested capital.
- MFPE targets both early- and later-stage venture capital and growth equity investments in a broad range of healthcare and technology-focused industries, primarily in partnership with MFPE's venture capital manager relationships.
- MFPE targets small- to middle-market buyouts, recapitalizations and industry consolidations of mature companies in a variety of industries.
- Companies at the smaller end of the middle market often command lower purchase price multiples than larger companies and can offer significant opportunities for growth and operational improvements.
- MFPE targets large buyouts, recapitalizations and industry consolidations of companies with revenues exceeding $500 million.
- Given the Direct Fund's target capitalization, larger transactions will primarily be pursued in partnership with MFPE's larger corporate finance manager relationships.
