Ridgemont Raises $735M For New Private Equity Fund

Law360, New York (April 11, 2013, 2:57 PM EDT) -- Private equity firm Ridgemont Equity Partners on Thursday said it has received commitments of $735 million to establish its first fund since it was spun off from Bank of America Corp. in August 2010.

Charlotte, N.C.-based Ridgemont, a middle market buyout and growth equity investor, said it wrapped up the firm’s first independent fundraising in late March with excess demand.

Backers of the fund, Ridgemont Equity Partners I LP, are composed of a diversified group of top institutional investors from the U.S., Europe and Asia, according...
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