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    Home»Funds»Dan Gilbert-backed non-public fairness agency Rockbridge closes a $ 345 million fund
    Funds

    Dan Gilbert-backed non-public fairness agency Rockbridge closes a $ 345 million fund

    May 30, 20211 Min Read
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    Executives at a Detroit private equity firm backed by mortgage mogul and Cleveland Cavaliers owner Dan Gilbert have closed a second fund of nearly $ 350 million to continue to benefit from a strong market for acquisitions.

    Rockbridge Growth Equity Management LP recently closed the final $ 200 million for its RB Equity Fund II LP and affiliate RB Equity Fund II-A. The fund was launched in 2019 and was used to invest in four companies.

    Regulatory filings with the Securities and Exchange Commission show the fund reached $ 152.5 million for its total funding goal in October. The fund has now closed a total of approximately $ 345 million and managing partners Brian Hermelin and Kevin Prokop say more deals are in the pipeline.

    Read more/Source: Asbestos Mitigation News

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