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Juggernaut Capital raising $300 million

March 12, 2012: 1:08 PM ET

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.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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