Rock Hill Capital raises US$87.7 million
Rock Hill Capital Group, LLC announced the conclusion of its latest fund, Rock Hill Capital II, LP. Rock Hill Capital Group is a private equity firm based in Houston. The firm's latest fund had raised US$87.7 million in invested capital. The fund is a direct successor fund to its previous fund as it will continue an entirely similar investment strategy.
"We are pleased to report a successful close to our second fund. We appreciate the confidence of our Fund I investors who recommitted to invest with us and are pleased by the significant number of new investors who joined us as limited partners for Fund II. We look forward to building another portfolio of investments in partnership with entrepreneurial business owners," managing director and founder of Rock Hill Capital, Randy Hale, explained.
Hale added, "When we invest in a company, we get very involved. We believe in bringing more to the table than just money. We seek to help our portfolio companies improve efficiencies in operations, expand customer relationships and increase market depth of product lines and services."