Middle-market private investment firm Peak Rock Capital has held the the final closing of Peak Rock Capital Fund IV LP and Peak Rock Capital Credit Fund III LP and their parallel funds raising over $3bn across the two vehicles.
Fund IV exceeded its target of $2bn and closed at its $2.5bn hard capm while Peak Rock also raised ~$500m for Credit Fund III and hybrid credit and equity vehicles.
Fund III, Peak Rock’s predecessor private equity fund, hit its hard cap in April 2021 with $2bn of limited partner commitments.
Consistent with Peak Rock’s successful strategy since inception, Fund IV and Credit Fund III will continue to target investments in middle-market companies where Peak Rock can support senior management to drive rapid growth and profit improvement through strategic and operational initiatives. The latest funds will primarily focus on family and founder owned businesses and carve-outs within the technology, industrial, consumer, and healthcare sectors.
Fund IV and Credit Fund III feature a diversified group of investors, including many of the world’s largest and most sophisticated limited partners across public and private pensions, sovereign wealth funds, health and hospital systems, endowments, foundations, insurance companies, family offices, and leading consultants.
Kevin Wessel and Jeff Kaplan from Kirkland & Ellis LLP served as legal counsel in the formation of the Fund.
