Ridgemont Equity Partners Closes New Flagship Fund with $1.65 Billion in Commitments
December 18, 2018
Fundraise Significantly Exceeds Target with Strong Existing and New Limited Partner Support
Charlotte, NC (December 18, 2018). Ridgemont Equity Partners, a middle market buyout and growth equity investor, today announced the closing of Ridgemont Equity Partners III, L.P. (“REP III” or the “Fund”) with $1.65 billion in commitments. Fundraising for REP III launched with a target of $1.25 billion and closed with excess demand, driven by strong support from existing limited partners combined with significant interest from new investors. The general partner also made a substantial commitment to the Fund.
The formation of REP III allows Ridgemont to target investments ranging from $50 million up to $250 million and continue its focus on opportunities in four primary sectors: business and industrial services, energy, healthcare, and technology and telecommunications. Ridgemont has raised more than $4 billion across five funds since its founding in 2010.
“We are excited to announce the closing of REP III and the next chapter of our sector-focused investment strategy,” said Travis Hain, Partner at Ridgemont. “Our limited partners have been pleased with our ability to drive attractive returns by being the partner of choice for management teams building leading and distinctive companies in their respective industries. The confidence and continued support from our investor base are gratifying as we look forward to the opportunities and challenges of today’s market,” commented Walker Poole, Partner at Ridgemont.
Credit Suisse Securities (USA) LLC served as the exclusive placement agent and Proskauer Rose as fund formation counsel for REP III.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital.