Riata Capital Group collects $285m for sophomore fund

RCG II will target six companies within the business services, consumer and healthcare services sectors.

  • RCG was advised by Raymond James Private Capital Advisory and Probitas Partners
  • Based in Dallas, RCG invests in the lower middle market
  • The private equity firm’s assets under management exceeded $1 billion as of March 31, 2024

Riata Capital Group has closed its second fund at $285 million.

RCG II will target six companies within the business services, consumer, and healthcare services sectors. Currently, RCG has deployed 50 percent of the fund in three investments.

On the fundraising, Jeff Fronterhouse, managing partner of RCG, said in a statement, “We are very pleased with the support of both our existing and new limited partners, allowing us to exceed our target and hard cap in what is a challenging fundraising market. We attribute this to the compelling performance of the investments we’ve made from RCG II, as well as delivering liquidity and value creation across the rest of our portfolio.”

RCG was advised by Raymond James Private Capital Advisory and Probitas Partners.

Based in Dallas, RCG invests in the lower middle market. The private equity firm’s assets under management exceeded $1 billion as of March 31, 2024.