Ridgemont Equity Partners (Ridgemont), a private investment firm specialising in buyout and growth investments in industry-leading middle market companies, has closed Ridgemont Equity Partners IV (REP IV) at its hard cap with $2.35 billion in capital commitments.

The fund significantly exceeded its initial target of $2.0 billion and brings the firm’s total assets under management to over $8.5 billion.

Over the last decade, Ridgemont has invested in 60 industry-leading private companies, often serving as a first-time institutional capital partner to pursue shared growth objectives.

Read more: Private Equity Wire