Capitol Meridian Partners unveils its first fund / Berkah

A pair of Carlyle Group veterans founded CMP in 2021 to find founder-led companies on a growth curve.

With five investments now in its rolodex, Capitol Meridian Partners is taking its next step as a backer of companies the firm views as intersecting between government and commercial markets.

CMP has completed the raise for its first fund with $900 million fetched from investors, a figure the firm touts as exceeding the target and at the hard cap.

More than 30 institutional investors committed financial resources to Capitol Meridian Fund I, the firm said Monday. Those participants include endowments, foundations, pension funds, insurance companies, family offices and so-called "fund-of-funds."

Adam Palmer and Brooke Coburn, both veterans of Carlyle Group, founded CMP in 2021 to identify and invest in mostly founder-led companies whose technology and service offerings cut across the government market and adjacent commercial industries.

CMP is one of three investors that moved in 2022 to acquire LMI, the nearly six-decade old government consulting company whose core focus areas include logistics. The newest episode of our WT 360 podcast features LMI's chief executive Doug Wagoner, who shares more on that transaction and the company's strategy.

Clarity Innovations and what CMP currently describes as "Project Nimbus" are the firm's two other portfolio companies in the federal services market. Project Nimbus refers to a transaction CMP has completed, but will share more on in the future.

CMP also backs Altumint, a state and local government technology company, and the aviation services provider PrimeFlight.