High Road Capital Partners has reached a final close of High Road Capital Partners Fund II. Fund II hit its hard cap and raised $320 million in total commitments, in excess of its $200 million target and twice the size of its predecessor fund.
High Road Capital Partners (www.highroadcap.com), a New York-based private equity firm, is pleased to announce the final closing of High Road Capital Partners Fund II, LP (“Fund II”). Fund II hit its hard cap and raised $320 million in total commitments, well in excess of its $200 million target and twice the size of its predecessor fund.
“We are very grateful for the tremendous support and trust from existing and new investors. We have a diverse group of notable limited partners who share our belief that the smaller end of the middle market represents a great opportunity to create value and deliver exceptional returns,” said Robert Fitzsimmons, co-founder and Managing Partner of High Road Capital Partners.
High Road’s capital base comprises more than 25 institutional investors, family offices, and high-net-worth individuals. High Road Capital Partners raised Fund II in less than 12 months and without the use of a placement agent.
“Fund II will follow our proven and successful strategy of acquiring well-performing companies in the U.S. and Canada with $3 million to $10 million in EBITDA and adding value through organic growth initiatives and complementary add-on acquisitions, and operational improvements. Our philosophy of ‘taking the High Road in everything we do’ has been an integral component of our success,” added Mr. Fitzsimmons.
To date, High Road has completed two platform acquisitions and one add-on acquisition for Fund II: The Crown Group, which acquired Electra-Finish, Inc., and SMB Machinery Systems. Since its founding in 2007, High Road has completed 27 transactions, comprising 25 acquisitions – 11 platform investments and 14 add-on acquisitions – and two exits.
High Road Capital Partners
High Road Capital Partners is a private equity firm focused on smaller middle market transactions. High Road was formed in 2007 and manages over $470 million of committed capital. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Once acquired, High Road works in partnership with management to take the companies to the next level through a combination of organic growth initiatives and add-on acquisitions.