Peak Rock Closes New Equity and Credit Funds

Peak Rock Capital has closed more than $3 billion in capital commitments across its latest private equity and credit vehicles. The firm raised $2.5 billion for Peak Rock Capital Fund IV LP and its parallel funds, reaching the hard cap, alongside approximately $500 million for Peak Rock Capital Credit Fund III LP (Credit Fund III).

Peak Rock’s prior fund, Peak Rock Capital Fund III LP, closed in April 2021 at its $2 billion hard cap. Peak Rock Capital Credit Fund II closed in January 2018, though the amount was not disclosed.

Investors in the new funds include public and private pension systems, sovereign wealth funds, health and hospital systems, endowments, foundations, family offices, and insurance companies.

“We appreciate the overwhelming support from our existing limited partners, and we are proud to add an outstanding group of new limited partners to the Funds,” said Anthony DiSimone, the chief executive officer of Peak Rock. “The closings of Fund IV and Credit Fund III are another endorsement of our team’s ability to meaningfully grow and fundamentally improve businesses. We look forward to creating further success for our companies, the communities in which they operate, and our limited partners.”

“We would like to thank each of our limited partners for the confidence they have placed in our team and our investment approach,” said Yoni Riemer, the managing director of investor relations at Peak Rock. “For over a decade, we have set out to achieve extraordinary and repeatable investment outcomes, and this successful fundraise is a testament to both the team’s prior achievements and those to come.”

Peak Rock Capital, headquartered in Austin, makes debt and equity investments of $30 million to $500 million in middle-market companies with enterprise values from $50 million to $1.5 billion. Sectors of interest include business and technology-enabled services; consumer products and services; distribution and logistics; energy; food and beverage; healthcare; and industrial manufacturing and technology.

Legal services for this fundraise were provided by Kevin Wessel and Jeff Kaplan of Kirkland & Ellis.

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