Rock Hill Capital Group has held a final closing of Rock Hill Capital II, LP (Fund II) with $87.7 million in capital commitments.
“We are pleased to report a successful close to our second fund,” said Randy Hale, Rock Hill’s Founder and Managing Director. “We appreciate the confidence of our Fund I investors who recommitted to invest with us and are pleased by the significant number of new investors who joined us as limited partners for Fund II. We look forward to building another portfolio of investments in partnership with entrepreneurial business owners.”
Fund II will continue the same investment strategy as Rock Hill’s first fund which was raised in 2007. To date, Rock Hill has invested in three companies through Fund II.
Rock Hill Capital Group invests in small-to-lower middle market companies with enterprise values up to $75 million and EBITDA of less than $10 million that are located in the South and Southeast regions of the US. Sectors of interest include industrial and energy services and value-added distribution. The firm was founded in 2007 and is based in Houston (www.rockhillcap.com).
“When we invest in a company, we get very involved,” said Mr. Hale. “We believe in bringing more to the table than just money. We seek to help our portfolio companies improve efficiencies in operations, expand customer relationships and increase market depth of product lines and services.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 8-1-13
