Private equity firm High Road Capital Partners has held the final closing of High Road Capital Partners Fund II, with a hard cap of USD320m in total commitments, well in excess of its USD200m target.
“We are very grateful for the tremendous support and trust from existing and new investors. We have a diverse group of notable limited partners who share our belief that the smaller end of the middle market represents a great opportunity to create value and deliver exceptional returns,” says Robert Fitzsimmons, co-founder and managing partner of High Road Capital Partners.
High Road’s capital base comprises more than 25 institutional investors, family offices, and high-net-worth individuals. High Road Capital Partners raised Fund II in less than 12 months and without the use of a placement agent.
“Fund II will follow our proven and successful strategy of acquiring well-performing companies in the US and Canada with USD3m to USD10m in EBITDA and adding value through organic growth initiatives and complementary add-on acquisitions, and operational improvements. Our philosophy of ‘taking the High Road in everything we do’ has been an integral component of our success,” says Fitzsimmons.
To date, High Road has completed two platform acquisitions and one add-on acquisition for Fund II: The Crown Group, which acquired Electra-Finish, and SMB Machinery Systems. Since its founding in 2007, High Road has completed 27 transactions, comprising 25 acquisitions – 11 platform investments and 14 add-on acquisitions – and two exits.
