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RLH Equity Partners closes new fund

RLH Equity Partners has held the final closing of RLH Investors III (Fund 3) with total commitments of USD380m.

Fund 3 was oversubscribed, requiring an increase in the fund’s original hard cap to accommodate strong investor interest. The new fund’s size represents a more than 40 per cent increase from the committed capital of RLH’s prior fund. 
The firm’s focus on creating value through rapid organic growth and conservative capital structures attracted strong support from both existing and new limited partners.
RLH’s most recent five exits yielded an average gross multiple on investment (MOI) of 6.7x, with MOI’s ranging from 4.0x to 10.6x. 
"We are grateful for our investors’ confidence in our seasoned team of investment professionals and the differentiated value-creation strategy that we have been successfully pursuing for the past three decades", says J Christopher Lewis, managing partner of RLH. 
The investor base for Fund 3 primarily consists of two dozen prominent domestic and international public and private pension funds, foundations, funds-of-funds, and high net worth individuals.  

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