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MIRA (Macquarie Infrastructure and Real Assets) is quite respected in the industry, both in emerging and developed markets. http://www.mirafunds.com/
Macquarie may be a "regional bank", but MACQ definitely punches way above its weight in Infra, Industrials, Mining, and REITS.
Thank you for this. That's a HUGE fund. Looks interesting.
Yup, low profile but huge with US$103B AUM. Blackstone has $311B and KKR has $131B to put things in perspective.
MIRA is much more infrastructure than traditional industrial PE, which I think OP was referring to. There are tons of MM and MF PE firms that invest in industrials--it's one of the broadest and least specialized sectors which makes it accessible.
A couple of the larger / better known firms include -All the megafunds invest in industrials at some level or another -Platinum Equity -AEA -Audax -Onex -American Securities -Madison Dearborn -...many others
Thanks for the info here. That confirms some of what I was thinking. My impression thus far has been that it's a very large sector, pretty broad technicals and modeling wise, and (correct me if I'm wrong here) maybe not the most popular sector for a lot of people. Seems like everyone around me is all about healthcare, tech, media, etc. Thanks again.
MIRA is great but wouldn't classify them as industrials given infra & real assets make up their own vertical in most cases
A few things to know about Industrials. Industrials is a sector rather than an industry, so you can actually have some overlap depending on the deals. For example, a company can manufacture automotive components, aerospace components, or oil & gas components. While the end market can be a specific industry, the company will also meet the "industrial manufacturing" sector. Most industrials investors that I have encountered are industry agnostic.
If you're willing to drop to the lower end of the middle market, there are a fair number of industrial focused funds. Some examples in various different cities include:
Industrial Growth Partners (San Francisco - https://igpequity.com/) MPE Partners (Boston - http://mpepartners.com/) Incline Equity Partners (Pittsburgh - http://inclineequity.com/) Mason Wells (Milwaukee - https://www.masonwells.com) TriVest (Miami - https://www.trivest.com) Cortec Group (New York - https://www.cortecgroup.com/)
MIRA is an infrastructure fund- know a few people there. Toll roads, ports and airports seem to be a focus. Seems to be a good place to work according to who i know there.
Yes exactly
Are any of these firms mentioned known to be operationally focused? Do they operating teams that work to make operational improvements to their portfolio companies?
Industrials Focused PE Group (Originally Posted: 03/06/2012)
I've been doing a lot of work with industrials in my current role as an IB analyst. I like the field and was curious as to whether there were dedicated industrials PE groups or certain PE groups that have a solid reputation for work in industrials. Likewise, if there are any investment banks that are renowned for their work in the industrials space, I'd be interested to know that as well. Thanks.
Of course there are. Carlyle has a great industrials group. I'm sure others do too, but I am not that familiar with the ins and outs of specific PE firms. Google it and you'll come up with a list.
bump
American Industrial Partners and Arcline are groups not previously mentioned. Harbour Group and Berry Wehlmiher (AP?) our of St. Louis both have a heavy industrial focus.
Berry W. is a conglomerate, bottom-feeder - not really a traditional fund. Arcline is new and is paying stupid prices for things. It's crazy.
There are a ton of them. Can you narrow down the size parameters?
CapStreet in Houston is very solid, but they are probably better described as LMM. Fund is about half a billion.
Would be interested in top notch large MM funds, such as CD&R, GTCR, Leonard Green etc. with a strong track record/focus on industrials, automotive, industrial technology.
Many are going to be generalists or have multiple verticals, including industrials or mftg.
In no particular order:
Blue Wolf, AEA Investors, Wind Point, KPS Capital Partners, One Equity Partners, Arlington (mostly A&D, but does some industiral tech), Genstar, American Industrial Partners, New Mountain Capital, American Securities, MDP, The Jordan Co., Oak Hill Capital, Irving Place Capital, Arsenal Capital Partners, Sun Capital Partners, H.I.G., Sentinel Capital Partners, Windjammer, Odyssey Investment Partners, Tailwind Capital
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