Rockbridge Growth Equity Management (Rockbridge), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, has closes RB Equity Fund III, and RB Equity Fund III-A, at more than $360m.
The fundraising, which exceed the firm’s $350m original target, brings Rockbridge’s total assets under management to over $1.7bn.
Fund III will seek to invest in companies across four sectors in which Rockbridge and its predecessor entities have nearly 20 years of investment experience: e-Commerce and Marketing Services, Financial Services and Fintech, Tech-Enabled Products and Services, and Digital Media.
Fund III attracted commitments from a diverse mix of existing and new investors, including fund-of-funds, public pensions, insurance companies, consultants, multi-family offices, CEOs, founders and industry executives.
Since its inception in 2007, Rockbridge has successfully deployed $1.3bn of capital, including co-investor equity amd currently manages a portfolio of 13 companies.
Lazard acted as the exclusive placement advisor to Fund III, and Kirkland & Ellis LLP served as legal counsel.
