Houston-based private equity firm Rock Hill Capital Group has held the final closing of Rock Hill Capital III, with USD150.6 million in capital commitments.
Rock Hill Capital III commitments exceed its previous funds, Rock Hill Capital II, a 2013 vintage fund with USD87.7 million in commitments and Rock Hill Capital I, a 2008 vintage fund with USD48.8 million in commitments.
Rock Hill Capital III will continue to pursue a similar investment strategy, focusing on buyouts and recapitalisations of industrial products and service companies.
Since inception, Rock Hill has invested in 15 operating companies. These investments include businesses operating across a broad cross-section of the industrial product and services sectors including energy, pipeline/midstream, petro-chemical/refining, water/environmental and infrastructure.
“We are pleased to report a successful close to our third fund,” says Randy Hale, Rock Hill’s founder and managing director. “We appreciate the confidence of our existing investors who recommitted to invest with us and we are excited about the new relationships we have established in our latest fund raise. We look forward to continuing to build our firm and our portfolio of successful entrepreneurial businesses.”
Rock Hill, founded in 2007, is a private equity firm that partners with entrepreneurial owners seeking the capital and strategic guidance necessary to help them achieve desired growth. Rock Hill makes control and growth investments in profitable companies generating approximately USD4 million to USD10 million in EBITDA.
Rock Hill engaged Aqueduct Capital Group as its primary placement agent for Rock Hill Capital III. Proskauer Rose provided legal counsel during the formation of Rock Hill Capital III.
