AUSTIN, Texas – Peak Rock Capital has officially announced the closing of its oversubscribed Fund III, reaching its hard cap of $2.0 billion in limited partner commitments. This significant milestone for Peak Rock Capital, a leading middle-market private investment firm, follows the successful closings of its predecessor funds, Fund II at $1.3 billion in 2017 and the inaugural fund exceeding $700 million in 2013. The robust investor interest in Fund III underscores Peak Rock Capital’s proven strategy and expertise in driving growth and operational improvements within middle-market companies.
Fund III will continue to execute Peak Rock Capital’s established strategy of investing in middle-market businesses. The firm specializes in partnering with senior management teams to accelerate growth and enhance profitability through targeted operational and strategic initiatives. Peak Rock Capital has cultivated particular expertise in navigating complex corporate carve-outs and collaborating with families and founders seeking their first experiences with institutional capital. The firm’s flexible capital approach, combined with a highly experienced team, enables Peak Rock Capital to execute transactions swiftly, providing stakeholders with deal certainty. Peak Rock Capital strategically focuses on sectors exhibiting resilient demand, notably within the consumer, industrial, technology, and healthcare landscapes.
Anthony DiSimone, Chief Executive Officer of Peak Rock Capital, expressed his gratitude, stating, “We are deeply thankful for the tremendous support from both our existing and new investors who have joined the Peak Rock family. The sophistication, quality, and diversification of our limited partners are a testament to the trust they place in us.” He further emphasized, “The successful closing of Fund III at its hard cap is a clear validation of our team’s capability, demonstrated across numerous transactions and varied economic conditions, to foster significant growth and fundamental improvements in businesses throughout North America and Europe. We are committed to continuing our dedicated work for our limited partners and driving ongoing success for all stakeholders.”
Ralph DeBernardo, Principal and Head of Investor Relations at Peak Rock Capital, added, “We extend our sincere appreciation to all our limited partners for their confidence in our team and for their efficient commitment process, particularly amidst a global pandemic. Our entirely virtual fundraising effort and the strong investor demand from some of the world’s most discerning institutional limited partners reflect the years of dedication and successful execution by the Peak Rock team.”
Steve Martinez, President of Peak Rock Capital, also acknowledged the collaborative ecosystem, “We thank our colleagues in investment banking, financial advisory, legal, and lending communities for their invaluable support over the years. We are eager to strengthen and expand these relationships as we develop Peak Rock’s portfolio and capitalize on the robust pipeline of opportunities ahead.”
The investor base for Fund III is globally diversified, encompassing a range of leading institutional limited partners. This includes public and private pensions, sovereign wealth funds, endowments, foundations, insurance companies, and prominent asset managers and their consultants. The investment period for Fund III is anticipated to commence in the near future.
Kirkland & Ellis LLP, with John Muno and Kevin Wessel leading the legal counsel, facilitated the formation of Fund III.
About Peak Rock Capital
Peak Rock Capital is a preeminent middle-market private investment firm making strategic equity and debt investments in companies across North America and Europe, further cementing its position as a peak rock capital provider in the industry. Peak Rock Capital’s equity platform is designed to support senior management in accelerating growth and enhancing profitability, leveraging its expertise in corporate carve-outs and partnerships with families and founders seeking institutional investment. Peak Rock’s credit platform offers flexible and tailored capital solutions across capital structures to middle-market and growth-oriented businesses. Additionally, Peak Rock Capital’s real estate platform invests in small to mid-sized real estate assets within attractive, growing markets. The principals at Peak Rock Capital possess extensive experience in navigating complex situations and cross-border transactions, known for their ability to close deals rapidly and with certainty, key attributes for a peak rock capital firm. For more information about peak rock capital and its operations, please visit www.peakrockcapital.com.
Investor Contact:
Ralph DeBernardo, Principal & Head of Investor Relations
(512) 765-6520
Media Contact:
Daniel Yunger
Kekst CNC
(212) 521-4800
[email protected]
