RLH Equity Partners has closed RLH Investors III, LP with total commitments of $380 million. Fund 3 was oversubscribed, requiring an increase in the fund’s original hard cap to accommodate strong investor interest.
RLH Equity Partners is pleased to announce the final closing of RLH Investors III, LP (“Fund 3”) with total commitments of $380 million. Fund 3 was oversubscribed, requiring an increase in the fund’s original hard cap to accommodate strong investor interest. The new fund’s size represents a more than 40 percent increase from the committed capital of RLH’s prior fund.
The firm’s focus on creating value through rapid organic growth and conservative capital structures attracted strong support from both existing and new limited partners. The merits of RLH’s approach were demonstrated to prospective investors via the firm’s compelling record of successful portfolio company exits throughout the firm’s history. Notably, RLH’s most recent five exits yielded an average gross multiple on investment (MOI) of 6.7x, with MOI’s ranging from 4.0x to 10.6x.
“We are grateful for our investors’ confidence in our seasoned team of investment professionals and the differentiated value-creation strategy that we have been successfully pursuing for the past three decades”, said J. Christopher Lewis, Managing Partner of RLH. The investor base for Fund 3 primarily consists of two dozen prominent domestic and international public and private pension funds, foundations, funds-of-funds, and high net worth individuals. Lewis added, “We also want to thank the outstanding entrepreneurs with whom we partner. Their vision, energy, and expertise are essential elements of the investment success we have enjoyed.”
RLH Managing Director Michel Glouchevitch noted, “We are pleased to have a fresh pool of capital to back high quality management teams in building distinctive, market-leading, high-growth enterprises. We have already completed several investments from Fund 3 in exciting businesses with revenue growth rates of 30% or more per year.”
Riordan, Lewis & Haden is a leading private equity firm which invests in high growth, profitable enterprises with $20 – $150 million of annual revenue. Focused on companies in the business services, healthcare, and government services sectors, RLH has achieved a 30-year track record of success by partnering with passionate entrepreneurs to build significant companies. RLH typically invests via a recapitalization transaction that provides partial liquidity for the entrepreneur, and then assists the portfolio company management team in navigating the opportunities and challenges of rapid growth. The firm currently manages over $700 million of assets and is actively seeking new portfolio companies.
Contact: For more information please contact: J. Christopher Lewis Managing Partner Riordan Lewis & Haden | Equity Partners 310-405-7200 email@example.com
SOURCE Riordan, Lewis & Haden | Equity Partners