WEST DES MOINES, IA – April 14, 2025 – Iowa-based private equity firm, Midwest Growth Partners (“MGP”), announced today the completion of fundraising for their fourth investment fund, Midwest Growth Partners IV, LP (“Fund IV”). The firm exceeded its fundraising goal and hit its contractual limit of $187.5 million. Fund IV is MGP’s largest fundraising effort to date and its first Small Business Administration licensed Small Business Investment Company (“SBIC”) fund.
Since 2013, MGP has been a trusted partner for established lower middle market companies seeking succession planning liquidity or growth investment. MGP invests in food and agriculture, manufacturing, and distribution businesses, often in rural, underserved areas in the United States. MGP’s team of hands-on professionals have Midwestern and agrarian backgrounds as well as an unrivalled range of experience, helping drive growth and professionalization in MGP’s partner companies while creating value for investors. Between its four funds, MGP has invested in more than 40 private businesses.
MGP and its investors serve as economic drivers in America by investing anywhere from $500,000 to $25 million into profitable organizations. These investments cultivate growth, add jobs, professionalize businesses, and aid in succession planning for retiring business owners.
Over the next five years, MGP will make 10 - 15 investments out of Fund IV, made possible by the hard work of the MGP team and strong partnerships with investors. MGP fosters personal relationships with its diverse group of investors, which include commercial banks, rural electric co-ops, family offices, corporations, trade organizations, and successful individuals.
“We are excited to continue executing on the same 12-year-old strategy of investing in industries and geographies that are overlooked by traditional institutional capital via our first SBIC fund. Small business is the driver of the US economy, and we are proud to play a small part in facilitating capital formation in those communities” remarked John Mickelson, Co-Founder and Managing Partner at Midwest Growth Partners.