Ridgemont Equity Partners, a Charlotte, NC-based middle market buyout and growth equity investor, closed its latest fund, with $1.65 billion in commitments.
Fundraising for of Ridgemont Equity Partners III, L.P., launched with a target of $1.25 billion and closed with excess demand, driven by support from existing limited partners combined with significant interest from new investors. The general partner also made a substantial commitment to the fund.
The formation of REP III allows Ridgemont to target investments ranging from $50 million up to $250 million and continue its focus on opportunities in four primary sectors:
– business and industrial services,
– healthcare, and
– technology and telecommunications.
Led by partners Rob Edwards, Trey Sheridan, John Shimp, Jack Purcell, Scott Poole, George Morgan, Donny Harrison, Travis Hain and Walker Poole, Ridgemont has raised more than $4 billion across five funds since its founding in 2010.