Ridgemont Equity Partners Closes Second Fund with $995 Million in Commitments
November 11, 2015
Ridgemont Equity Partners, a middle market buyout and growth equity investor, today announced the closing of Ridgemont Equity Partners II, L.P. (“REP II” or the “Fund”) with $995 million in commitments, at the Fund’s hard cap. Fundraising for REP II was completed in late October with excess demand due to the ongoing support from existing investors combined with significant interest from new investors. The General Partner also made a substantial commitment to the Fund.
The principals of Ridgemont have deployed approximately $3.5 billion across 124 investments since 1993. The firm's investment strategies for REP II remain consistent with REP I. Ridgemont focuses on buyout and growth capital investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology.
"We are pleased that our sector focus and strength and continuity of our team resonated in the investor community and are excited to partner with a group of world class institutions,” said Travis Hain, Partner at Ridgemont. "We have been disciplined in our execution and expect to continue leveraging our successful origination model and proven industry playbooks to drive attractive returns for our investors."
“Ridgemont principals have been investing in the middle market for more than two decades," said John Shimp, Partner at Ridgemont. "We collaborate with our management teams to build market leaders by bolstering infrastructure, enhancing operations and fueling strategic growth initiatives. We are excited about this next chapter for Ridgemont."
Brooklands Capital Strategies (www.brooklandscapital.com) served as the strategic fundraising advisor for REP II.
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.