Global private equity and venture capital news and research

Rock Hill Capital closes second fund below target

1 Aug 2013

texas_star_170sqPrivate equity firm Rock Hill Capital Group has closed its second fund on $87.7m, falling well short of its $150m target.

The fund, which held its first close two years ago, has already invested in three companies.

The Houston-based firm invests in lower mid-market businesses based in the Gulf Coast and Southeast regions of the US with an EBITDA of $3m to $7m.

Rock Hill Capital Group managing director Randy Hale said, “We are pleased to report a successful close to our second fund. We appreciate the confidence of our Fund I investors who recommitted to invest with us and are pleased by the significant number of new investors who joined us as limited partners for Fund II.

“We believe in bringing more to the table than just money. We seek to help our portfolio companies improve efficiencies in operations, expand customer relationships and increase market depth of product lines and services.”

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016