Ridgemont Equity Closes Fourth Midmarket Fund With $2.35bn

Ridgemont Equity Partners, a private investment firm specializing in buyout and growth investments in industry-leading middle market companies, today announced the close of Ridgemont Equity Partners IV at its hard cap with $2.35bn in commitments.

The fund significantly exceeded its initial target of $2bn and brings the Firm’s total assets under management to over $8.5bn.

REP IV extends Ridgemont’s long-standing focus as a majority owner or lead minority investor in companies across three core sectors: business and tech-enabled services, industrial growth, and healthcare.

Ridgemont’s senior leadership team has worked together for more than twenty years and the Firm has established an extensive track record serving as preferred partners to management teams while delivering strong returns to investors.

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In a joint statement, Rob Edwards, Jack Purcell, and John Shimp, who serve as Ridgemont’s Managing Partners, said: “Institutional investors continue to express a strong appetite for access to established and proven managers that have outstanding talent, a disciplined investment approach, and time-tested capabilities that drive strong returns. In a highly competitive fundraising environment, we were pleased to achieve over 110% net dollar retention from existing limited partner relationships while welcoming several new blue-chip investors. We believe this is a testament to the accomplishments of our collective team and the strength of our platform.”

The Managing Partners of the Firm added: “We are appreciative of our longstanding investors and portfolio company management teams who have joined us and continue to support Ridgemont’s vision of developing industry leaders and building larger and more strategically valuable businesses.”

Over the last decade, Ridgemont has invested in 60 industry-leading private companies, often serving as a first-time institutional capital partner to pursue shared growth objectives.

Source: Business Wire

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