The Austin-based midmarket private-equity firm closed fundraising for the vehicle at well over its $1.3 billion capital goal
Peak Rock Capital LLC, a leading middle-market private investment firm, has held the final closing of Peak Rock Capital Fund III LP and its parallel funds, at USD2 billion.
Fund III substantially exceeded its target of USD1.3 billion and was over-subscribed, closing at its hard cap on USD2.0 billion of limited partner commitments. Peak Rock’s predecessor fund, Fund II, closed on USD1.3 billion of commitments in 2017 and its inaugural fund closed on over USD700 million in 2013.
Fund III’s investor base is broadly diversified and is comprised of many of the world’s largest and most sophisticated limited partners, including public and private pensions, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and their leading consultants. The investment period for Fund III is expected to commence shortly.
