Foley Hoag LLP congratulates client Mill Road Capital Management LLC ("Mill Road") on the final closing of its second fund, Mill Road Capital II, L.P. ("Fund II"), with approximately $420 million of capital commitments, an increase of nearly 70% from the firm's debut fund. Fund II will continue the firm's investment strategy of investing in and building long-term relationships with North American publicly traded micro-cap companies. The limited partners in Fund II include a diverse group of endowments, foundations, corporate and public pension funds, family offices, and asset managers from around the globe.

Based in Greenwich, Connecticut, Mill Road is an investment firm that invests exclusively in small public companies in North America. The firm has flexible capital with the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or execute going-private transactions. Foley Hoag Partner Peter Rosenblum led the team that advised Mill Road on the transaction, which also included attorneys Eric Belsley, Nicola Lemay, Nell Richmond and Erin Kravitz. Rosenblum and Belsley previously advised Mill Road on the organization and financing of the company’s first fund, which had its final closing in 2008.

"Foley Hoag extends our congratulations to Mill Road on the closing of Fund II," Rosenblum said. “This additional capital will allow Mill Road to continue to implement its differentiated strategy of investing in small public companies and improving their operations.”