– Ridgemont Equity Partners (“Ridgemont”), a private equity firm focused on buyout and growth investments in US-based middle market companies, announced the final close of Ridgemont Equity Partners V, L.P. (“REP V”) at its hard cap with $3.975 billion in capital commitments.
– REP V was significantly oversubscribed, surpassing its initial target of $2.75 billion.
– With the close of REP V, Ridgemont now manages over $11 billion in capital.
– REP V features the largest and most diversified investor base in Ridgemont’s history, with over 100 global institutions, including pension funds, sovereign wealth funds, insurance companies, endowments and foundations, and family offices.
– Principals of Ridgemont are among the largest investors in REP V, committing nearly $250 million.
– REP V builds on Ridgemont’s 32-year history investing in tech-enabled service companies and distributors across three core sectors: business services, healthcare, and industrials.
– Jack Purcell and John Shimp, Managing Partners, highlighted strong investor confidence, team cohesion, and alignment of interests with investors as key factors in REP V’s successful raise.
– Laura Fahrney, Partner and Head of Investor Relations, emphasized long-term investor relationships, disciplined capital deployment, portfolio construction, and strong distribution performance as drivers of the fundraise success.
– Ridgemont, established as an independent firm in 2010 after spinning out from Bank of America, emphasizes long-term alignment through substantial GP commitments and management/owner rollover interest.
– The firm’s sector specialization, Charlotte-based culture, and repeatable value creation model have generated strong returns across 70 platform company investments and over 180 add-on acquisitions.
– Evercore Private Funds Group acted as exclusive global placement agent, and Kirkland & Ellis, LLP served as fund counsel for REP V.
