Peak Rock Capital LLC, a middle-market private investment firm, has closed Peak Rock Capital Fund III LP and its parallel funds. Fund III substantially its target of $1.3 billion and was over-subscribed, closing at its hard cap on $2.0 billion of limited partner commitments. Peak Rock’s predecessor fund, Fund II, closed on $1.3 billion of commitments in 2017 and its inaugural fund closed on over $700 million in 2013.
Anthony DiSimone, chief executive officer of Peak Rock, said, “The closing of Fund III, at its hard cap, is an endorsement of our team’s ability, through hundreds of transactions and various economic cycles, to significantly grow and fundamentally improve businesses across North America and Europe. We look forward to continuing to work hard for our limited partners and driving further success for all our stakeholders.”
Ralph DeBernardo, principal and head of investor relations, added, “We would like to thank all of our limited partners for the confidence they have placed in our team, as well as the speed and efficiency with which they made their commitments even in the midst of a global pandemic. Our completely virtual fundraise and strong investor demand across some of the most sophisticated institutional limited partners in the world, is a result of years of hard work and execution by the Peak Rock team.”
Steve Martinez, president of Peak Rock commented, “We would like to thank our colleagues in the investment banking, financial advisory, legal and lending communities for their tremendous support over the years. We look forward to building and expanding these relationships as we grow Peak Rock’s portfolio and convert the active pipeline of opportunities ahead.”
John Muno and Kevin Wessel from Kirkland & Ellis LLP served as legal counsel in the formation of the fund.