Capitol Meridian Partners has raised $900 million from around 30 investors for its inaugural fund or Capitol Meridian Fund I. The committed institutional investors included endowments, foundations, pension funds, insurance companies, family offices and so-called “fund-of-funds.”
CMP, a Washington, D.C.-based investment firm, said Monday the sourced funds hit the hard cap or the maximum limit it set for the funding round. “This is one of the toughest fundraising markets in decades. Nonetheless, capital is available for proven teams with a compelling strategy,” remarked Adam Palmer, one of CMP’s founding partners.
The firm backs or invests in companies whose businesses intersect between government and commercial markets. It focuses on accelerating the adoption of technology in the government and defense markets. Thus far, CMP has completed investments in five platform companies and has a pipeline of additional opportunities.
Palmer and Brook Coburn, both former Carlyle Group executives, founded CMP in 2021. Since the firm’s formation, the target market has been founder-led companies with technology and service offerings. Also, the companies operate in government and regulated sectors.
