– Rising Point Capital Management has announced the final close of its inaugural institutional fund, Rising Point Capital Management Fund I, with $325 million in total commitments.
– The Fund was oversubscribed and exceeded its initial hard cap within six months.
– Investors include pension plans, foundations, family offices and funds of funds, alongside additional commitments from members of Rising Point.
– Founded in 2019, Rising Point focuses on investing in and partnering with founder- and family-led, field-based services companies in the lower middle market.
– The firm is led by four partners: Michael Drai, Justin Marku, Natalie Greene and Marc Perez.
– Prior to launching its institutional fund, Rising Point operated as an independent sponsor.
– Since inception, the firm has completed 27 acquisitions, including nine platform investments.
– Its investments span industrial, energy transition, infrastructure, environmental and waste, rental, value-added distribution, commercial services and residential services.
– The partners said Rising Point focuses on strategic and collaborative partnerships, using data-driven strategic plans to help companies scale while preserving the foundations of their businesses.
