Fund Closed with $2.35 Billion in Commitments
BOSTON, November 1, 2022 - Leading international law firm Proskauer announced today that it advised Ridgemont Equity Partners (Ridgemont), a middle market private equity firm, on the formation of Ridgemont Equity Partners IV (REP IV). REP IV closed at its hard cap of $2.35 billion in commitments, exceeding its initial target of $2 billion. With the addition of the new growth equity and buyout fund, Ridgemont's assets under management total over $8.5 billion.
For more than a decade, Ridgemont has specialized in buyout and growth investments to middle market companies. The investment firm has provided capital to 60 industry-leading companies and REP IV will continue Ridgemont's long-standing focus of investing as a majority owner or lead minority investor in companies across three main industries: business- and tech-enabled services, industrial growth and health care.
The Proskauer team included partners Howard Beber and Bradley Schecter and associates Armani Abreu, Shalin Sheth, and Andrew MacKinlay (Private Funds); partner Arnold May and associate Brianna Reed (Tax); and partner Adam Scoll (ERISA).