Juggernaut Capital raising $300 million

Mar 12, 2012

Dan Primack was a senior editor at Fortune from 2010 to 2016. He was also the author of Term Sheet, Fortune's daily newsletter about deals and dealmakers.

Juggernaut Capital Partners is raising upwards of $300 million for its second fund, according to an SEC filing.

The Washington, D.C.-based private equity firm was founded in early 2009 by managing partner John Shulman, who previously had been a managing director with Allied Capital. Other Allied vets now working with Juggernaut include managing director Craig Hille and vice president Kevin Kuntz.

Its strategy is to focus on mid-market consumer products and business services companies, with enterprise values of between $50 million and $150 million. Its current portfolio includes CR Brands (laundry products), Witt Associates (public safety and crisis management consulting) and Amerex (children's swimwear). Most of its deals are for U.S. targets, but there are exceptions like Norwegian bottled water company Voss.

Juggernaut did not report any fund closings in its SEC filing, but the Los Angeles County Employees Retirement Association already has committed $75 million. Shulman has not yet returned a request for comment.


Get Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions