Cotton Creek hoped to collect up to $200m for the fund, which it has been raising capital towards for more than two years.
The firm had pulled in $59m by January 2013 according to a US securities filing made at the time, but was up to just $82m by September as fundraising appeared to slow.
The firm gathered about $80m for its $100m-targeting debut fund in 2008 according to earlier filings with the SEC.
Cotton Creek focuses on businesses in areas such as manufacturing and chemicals, energy and infrastructure, consumer products and health and business services.
CCCP II has made two platform investments to date in power line installation and maintenance business Chain Electric Company and building products company Royal Baths Manufacturing.
Managing director Antonio DiGesualdo said, “We appreciate the continued support by our existing investors of Cotton Creek Capital’s unique investment model and are excited to be partnering with several new institutional investors as we continue to grow our investment platform.
“Over the past two decades, we have provided solution capital to privately-held businesses in the Southwest, in addition to providing operational discipline and capital support.
“We look forward to continued success with the closing of our latest private equity fund.”
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