– Highland Rim Capital, a Nashville-based lower middle market private equity firm, announced the final close of its debut fund, Highland Rim Capital Partners.
– The Fund exceeded its target, closing on $208 million in capital commitments from a diverse investor base, including asset managers, pensions, foundations, family offices, insurance companies, and endowments.
– Highland Rim was founded by Chris Godwin, Mark Isaacs, and Matt Lane, focusing on partnering with experienced management teams in manufacturing, value-add distribution, and business services companies, primarily in the Southeast and Midwest.
– The founding team has over 16 years of working experience together and is supported by Lamar Stanley and Kevin Hinkamper (focused on business development and portfolio operations) and Vice President Jack Jeffrey.
– Since May 2024, Highland Rim has invested in three companies: Associated Adjusters, I-Deal Optics, and Corporate Living.
– Chris Godwin, Mark Isaacs, and Matt Lane commented on the fund closing, expressing appreciation for the support of limited partners and excitement about launching Highland Rim Capital with long-time collaborators.
– Christopher Maduri, Global Co-Head and Managing Director at Eaton Partners, highlighted Highland Rim’s differentiated approach and the team’s consistency and experience across economic cycles, praising the partnership.
– Eaton Partners, a Stifel Financial Corp. company, served as the exclusive placement agent, and Choate, Hall & Stewart LLP served as legal counsel for the Fund.
