Insight

Ridgemont Equity Partners wraps up fourth fund at $2.35bn

The firm's original target is $2 billion.

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  • Ridgemont Equity Partners IV will target three sectors: business and tech-enabled services, industrial growth and healthcare
  • The fundraising brings Ridgemont’s total assets under management to over $8.5 billion
  • Based in Charlotte, North Carolina, invests in the middle market

Ridgemont Equity Partners has closed its fourth fund at a hard cap of $2.35 billion. The firm’s original target is $2 billion.

Ridgemont Equity Partners IV will target three sectors: business and tech-enabled services, industrial growth and healthcare

The fundraising brings Ridgemont’s total assets under management to over $8.5 billion.

In a joint statement, Rob Edwards, Jack Purcell, and John Shimp, who serve as Ridgemont’s managing partners, said in a statement, “Institutional investors continue to express a strong appetite for access to established and proven managers that have outstanding talent, a disciplined investment approach, and time-tested capabilities that drive strong returns. In a highly competitive fundraising environment, we were pleased to achieve over 110% net dollar retention from existing limited partner relationships while welcoming several new blue-chip investors.”

Based in Charlotte, North Carolina, invests in the middle market.