Peak Rock Capital Closes Fund II at $1.3 Billion
Fund II Closes at Hard Cap, Exceeding Target of $900 Million
AUSTIN, Texas, January 10, 2018-- Peak Rock Capital LLC ("Peak Rock"), a leading middle market private equity firm, today announced the final closing of Peak Rock Capital Fund II LP, Peak Rock Capital Credit Fund II LP and their parallel funds (collectively, "Fund II" or the "Fund"). Fund II was over-subscribed and substantially exceeded its target of $900 million, closing at its hard cap with committed capital of $1.3 billion. Peak Rock's inaugural fund closed on over $700 million in capital commitments in 2013.
Peak Rock Capital Fund II LP is focused on making investments in middle market companies, where Peak Rock can support management in driving rapid growth and profit improvement through operational and strategic changes. Peak Rock Capital Credit Fund II LP is focused on making non-control debt investments in middle market companies including both primary and secondary credits. Peak Rock's flexible capital and highly experienced team allow the firm to close transactions with exceptional speed and provide certainty of close to stakeholders.
Fund II's investor base is broadly diversified and is comprised of many of the world's leading limited partners across public pensions, private pensions, endowments, foundations, insurance companies and asset managers.
Anthony DiSimone, Chief Executive Officer of Peak Rock, said, "We are greatly appreciative of the response from both our existing investors and our new limited partners. We are humbled by the reputation, quality and global diversification of the limited partners who chose to entrust us with their capital. We see the closing of Fund II, at its hard cap, as a clear endorsement of our team's ability, through hundreds of transactions and various economic cycles, to identify and add operational expertise to businesses in the middle market. We look forward to continuing our successful strategy and to realizing significant value for all our stakeholders."
Steve Martinez, President of Peak Rock added, "We would like to thank our colleagues in the investment banking, financial advisory, legal and lending communities for their incredible support. We look forward to building and expanding our relationships as we continue to grow Peak Rock's portfolio."
The investment period for Fund II has already commenced and the funds have made multiple investments to date. John Muno, Bruce Ettelson and Kevin Wessel from Kirkland & Ellis LLP served as legal counsel in the formation of the Fund.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private equity firm that makes equity and debt investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock's principals have deep expertise in complex situations and cross-border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com
Ralph DeBernardo, Principal & Head of Investor Relations
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