High Road Raises $320 Million For Second Private Equity Fund

Dec 9 2013 | 4:54am 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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note