Daily News: April 11, 2013

Ridgemont Equity Partners Closes $735 Million Fund


Ridgemont Equity Partners announced the final closing of Ridgemont Equity Partners I (REP I) with total commitments of $735 million. The firm’s first independent fundraising was completed at the end of March with excess demand. Limited Partners in REP I include a group of institutional investors from the U.S., Asia and Europe.

In August of 2010, the former Banc of America Capital Investors private equity team spun off from Bank of America to form Ridgemont. The principals of Ridgemont have invested together for two decades, deploying more than $3 billion across 115 companies.

Ridgemont focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications/media/technology. The firm has a long history of partnering with management teams of closely-held private companies and new business platforms as either a majority owner or lead minority investor. REP I is currently comprised of nine portfolio companies.

Travis Hain, Walker Poole and Trey Sheridan, who serve on the executive committee at Ridgemont, released a statement together in response to the closing of REP I. “We are thrilled with all that Ridgemont has accomplished over the last two and a half years. The success of our fundraising is attributed to the strength of our team, attractive investment returns and commitment to a proven, sector-focused strategy. The firm has generated tremendous momentum through our recent investment activity and fund closing, and we look forward to a long and prosperous relationship with our new Limited Partners.”

TPG Capital BD served as placement agent for REP I.

Ridgemont Equity Partners is a Charlotte-based private equity firm that specializes in middle-market buyout and growth equity investments.