West Des Moines-based Midwest Growth Partners, a private equity fund funded in 2013, has raised $113.5 million for a second fund, the organization announced on Monday. Twenty-six investors have invested in Midwest Growth Partners II LP, which will bring total private capital managed by the organization to more than $154 million. The second fund will continue the Midwest Growth Partners strategy by targeting smaller companies in less populated geographies, the organization said.
