Rock Hill Capital Group, a Houston-based private equity firm, has held the final closing of Rock Hill Capital II with USD87.7m in capital commitments.
Fund II is the successor fund to Rock Hill Capital I and continues a similar investment strategy.
“We are pleased to report a successful close to our second fund,” says Randy Hale, Rock Hill’s founder and managing director. “We appreciate the confidence of our Fund I investors who recommitted to invest with us and are pleased by the significant number of new investors who joined us as limited partners for Fund II. We look forward to building another portfolio of investments in partnership with entrepreneurial business owners.”
Using the assets raised through Fund II, Rock Hill will continue to seek to partner with entrepreneurial owners seeking the capital and strategic guidance necessary to help them achieve desired growth.
“When we invest in a company, we get very involved,” says Hale. “We believe in bringing more to the table than just money. We seek to help our portfolio companies improve efficiencies in operations, expand customer relationships and increase market depth of product lines and services."
To date, Rock Hill has invested in three companies through Fund II, and continues to look for companies with which to partner.
