MSouth Equity Partners has raised about $352.88 million of committed capital so far for its MSouth Equity Partners II fund. UBS Securities is serving as placement agent. The fund's predecessor, MSouth Equity Partners, closed in 2009 on $266 million and has an IRR of 27.67% as of June 30, 2011. MSouth invests primarily in the South and backs management teams in acquisitions and recapitalizations of lower middle-market companies.
