High Road Raises $320 Million For Second Private Equity Fund

Dec 9 2013 | 5:54am ET

New York-based private equity firm High Road Capital Partners has raised $320 million for its second fund, well in excess of its $200 million target and twice the size of its predecessor fund.

High Road’s capital base comprises more than 25 institutional investors, family offices, and high-net-worth individuals. The firm raised High Road Capital Partners 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,” said Robert Fitzsimmons, co-founder and managing partner of High Road. 

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 was formed in 2007 and manages over $470 million of committed capital.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of