Ridgemont Equity Partners has held a final closing of Ridgemont Equity Partners II, LP at the fund’s hard cap of $995 million. The excess demand experienced by Ridgemont was due to ongoing support from existing investors combined with what the firm defined as “significant interest” from new investors. Fundraising for the new fund was completed in late October.
“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, a 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 Equity Partners (formerly Banc of America Capital Investors) focuses on middle market buyout and growth equity investments of $25 million to $100 million. The firm invests in the following sectors: basic industries and services; energy; healthcare; and telecommunications, media and technology. Ridgemont Equity Partners is headquartered in Charlotte (www.ridgemontep.com).
“Ridgemont principals have been investing in the middle market for more than two decades,” said John Shimp, a 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.”
San Francisco-based Brooklands Capital Strategies (www.brooklandscapital.com) served as a fundraising advisor to Ridgemont.
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-12-15
