Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

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Firms / M•• R•••• C••••••

M•• R•••• C••••••

Private equity with venture activity · probableChicago, ILm•••••••••.comSEC registered investment adviser

M•• R•••• C•••••• is a private equity investment firm based in Chicago and founded by three partners who seek to help lower middle-market, high-caliber industrial businesses grow and thrive.

registered adviser; venture funds are 0% of 8 private funds

Importance
7
low
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
98
high
Research priority
1
low
Identity and regulatory footprint
Headquarters
Chicago, ILadviserinfo.sec.gov
Office address
ONE NORTH WACKER DRIVE, SUITE 1920, Chicago, IL, 60606adviserinfo.sec.gov
Business phone
312-750-1781adviserinfo.sec.gov
SEC adviser type
registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Apr 18, 2024
Private funds reported
8 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$1.1Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
15
Owners on Schedule A
M•• R•••• C•••••• L• (Member), E; M•• M••••••••• G• I••• (General Partner), F
business email
info@mayrivercapital.commayrivercapital.compublished by the subject
business email
cgrace@mayrivercapital.commayrivercapital.compublished by the subject
business email
mbardon@mayrivercapital.commayrivercapital.compublished by the subject
business phone
312-750-1781adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
industrial
Stages
not stated or not yet read
Geography
chicago, global
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
2 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
P••• C•••••••• A••••••••• C••• L••Fund · ADV: Private Equity Fund2017 adv first reportedHarvest$394,180
Apr 18, 2024
16unknownunknown
I••••••••• V•••• H•••••••• L••Fund · ADV: Private Equity Fund2016 adv first reportedHarvest$511,757
Apr 18, 2024
10unknownunknown
P•••• E••••••••• H•••••••• L••Fund · ADV: Private Equity Fund2015 adv first reportedWound down$1.7M
Apr 29, 2020
24unknownunknown
H•••••• H•••••••• L••Fund · ADV: Private Equity FundunknownWound down$240,238
May 10, 2022
16unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 0 departed
M•••• S•••••••
M•••• earned a B.S.E. in Operations Research and Financial E••••••••• from Princeton University with high honors.
Platform and operations
P•••••• W•••••
P•••••• is the Chief Financial Officer and Chief Compliance Officer for May R••••.
Platform and operations
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
8 dated events
  1. Mar 31, 2023
    H•••••• H•••••••• L•• no longer reported on Form ADV by M•• R•••• C••••••
  2. Mar 30, 2021
    P•••• E••••••••• H•••••••• L•• no longer reported on Form ADV by M•• R•••• C••••••
  3. Mar 1, 2020
    P•••••• T••••• W••••• joined Schedule A of M•• R•••• C•••••• as Chief Compliance Officer
  4. Mar 31, 2017
    P••• C•••••••• A••••••••• C••• L•• first reported on Form ADV by M•• R•••• C•••••• (Private Equity Fund), GAV $15,000,000
  5. Mar 22, 2016
    I••••••••• V•••• H•••••••• L•• first reported on Form ADV by M•• R•••• C•••••• (Private Equity Fund), GAV $28,325,000
  6. Mar 19, 2015
    P•••• E••••••••• H•••••••• L•• first reported on Form ADV by M•• R•••• C•••••• (Private Equity Fund), GAV $26,370,000
  7. Dec 18, 2012
    H•••••• H•••••••• L•• first reported on Form ADV by M•• R•••• C•••••• (Private Equity Fund), GAV $32,000,000
  8. Dec 18, 2012
    M•• R•••• C•••••• first filed Form ADV (ERA)
Classification history
  1. Sep 12, 2026
    Private equity with venture activity (probable, 75%, cls-1)
    registered adviser; venture funds are 0% of 8 private funds
Evidence
48 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeregistered_investment_adviserApr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-12-18Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-04-18Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds0Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone312-750-1781Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://m•••••••••.com/
contact page linked from the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionM•• R•••• C•••••• is a private equity investment firm based in Chicago and founded by three partners who seek to help lower middle-market, high-caliber industrial businesses grow and thrive.
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionM•• R•••• C•••••• is a private equity investment firm based in Chicago and founded by three partners who seek to help lower middle-market, high-caliber industrial businesses grow and thrive.
meta description
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Employees15Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
HeadquartersChicago, ILApr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressONE NORTH WACKER DRIVE, SUITE 1920, Chicago, IL, 60606Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://m•••••••••.com/
0 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://m•••••••••.com/
0 entries read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported8Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$1.1BApr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Regulatory AUM (adviser, not fund size)$1.1BApr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographychicago,global
geography words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographychicago,global
geography words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsindustrial
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsindustrial
sector words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://m•••••••••.com/
3 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://m•••••••••.com/
3 name/title pairs read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported0Apr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://w••.m•••••••••.comApr 18, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleM•• R•••• C•••••• | Developing Lower Middle-Market I••••••••• Growth Businesses the Right Way
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleM•• R•••• C•••••• | Developing Lower Middle-Market I••••••••• Growth Businesses the Right Way
title tag
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)