CCMP Growth IV Closes USD 500M+ Fund for U.S. Industrial & Consumer Growth Firms

CCMP Growth Advisors’ latest fund raise marks a notable strategic transition for a seasoned PE firm reshaping its identity while retaining operational continuity. Having spun out from CCMP Capital in 2022, Fund IV (“CCMP Capital Investors IV”) has over USD 500m committed, exceeding its target in a challenging fundraising environment—demonstrating the strength and trust of legacy relationships and investor confidence in the new leadership under Joe Scharfenberger and Mark McFadden.

The firm has narrowed its investment strategy to focus exclusively on middle-market industrial and consumer companies in North America with specific financial thresholds—revenue growth over 10% and EBITDA between USD 15m–USD 75m—and modest leverage (3–4× EBITDA). This approach reflects risk mitigation in an uncertain macroeconomic environment while betting on solid growth and buy-and-build opportunities.

Notably, CCMP IV has already deployed a meaningful portion of its capital: four platform investments and 11 bolt-on deals in the last 12 months. The platforms span a diversity of sub-sectors—car wash (Mammoth), roofing & exteriors (Omnia), outdoor/marine products (Decks & Docks), and industrial refrigeration (Innovative Refrigeration)—providing exposure to durable demand and operational improvement upside.

A further strategic dimension is succession: CCMP Growth is executing a leadership transition without jarring changes in investment philosophy or team composition. Earlier vintage assets (from CCMP III and prior funds) are nearing full realization, easing potential overhangs and enabling the team to focus on delivering returns from Fund IV. LP re-ups, advisory board continuity, and legacy board members stepping into roles in current portfolio companies further reinforce alignment.

From a risk-return perspective, CCMP IV’s narrower focus may limit upside in certain hyper-growth or high-risk tech sectors but increases predictability and control—important in periods of macro volatility. Its buyout-style orientation with growth plays and moderate leverage may appeal to LPs seeking both growth and downside protection. Going forward, execution on bolt-on integration, operational and digital enhancements, and disciplined exit timing will be critical to realizing promised returns.

Open questions include: what exit timeline and multiple expectations are for the new platforms; how the team intends to adapt strategy in inflationary or rising interest rate environments; how leveraging digital transformation will differentiate these industrial/consumer plays; and how much incremental deal flow exists in their target sub-sectors against competitive pressure.