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Peak Rock Capital closes inaugural PE fund at USD700m

Peak Rock Capital has held the final closing of its initial investment vehicle Peak Rock Capital Fund with committed capital of USD700m. 

 
The fund was oversubscribed and greatly exceeded its initial target of USD400m. 
 
The fund’s limited partners include private pension, public pension, sovereign wealth, foundation and endowment, fund of funds, and other institutional investors.
 
The fund is focused on making debt and equity investments in middle market companies where it can support management in driving rapid growth and profit improvement through operational and strategic changes. 
 
Anthony DiSimone, chief executive officer of Peak Rock, says: "We are enormously appreciative of and humbled by the overwhelming response to our inaugural fund.  We see this successful milestone as a reflection of our team’s ability, through hundreds of transactions and various economic conditions, to identify and add outstanding value to businesses in the middle market.  We look forward to identifying attractive investment opportunities that are consistent with our strategy and pursuing value for all stakeholders."
 
Steve Martinez, managing director of Peak Rock, says: "We would also like to thank our friends in the investment banking, financial advisory, legal and lending communities for their tremendous support.   We look forward to continuing and expanding our relationships as we build Peak Rock’s portfolio."
 
The investment period for the fund has already commenced and the fund has made multiple investments. Bruce Ettelson and John Muno from Kirkland & Ellis served as legal counsel in the formation of the fund.

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