2 Firms Steer Rockbridge's $355M Continuation, New PE Fund

By Matthew Guarnaccia (February 15, 2019, 3:44 PM EST) -- Detroit-based Rockbridge Growth Equity on Friday said it had transferred several portfolio companies to a continuation vehicle in a deal involving a consortium of investors and unveiled a new private equity fund, raising $355 million for the Kirkland & Ellis LLP and Honigman LLP-led firm.

Rockbridge said the consortium — led by StepStone Group and including Aberdeen Standard Investments, HSBC, Lexington Partners and LGT Capital Partners — acquired interests in four existing Rockbridge portfolio companies. Rockbridge will remain as manager of the companies through a continuation fund vehicle known as RB Equity Fund I LP, the firm said. 

Also on Friday, Rockbridge said...

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