One Rock Capital Partners has raised $964 million for its One Rock Capital Partners II. The New York-headquartered firm began fundraising in 2017 with a $700 million target.
Its previous fund raised $432 million in 2014.
Investors that committed to One Rock Capital Partners II include the Los Angeles County Employees' Retirement Association and the Texas Municipal Retirement System.
The fund will target buyout opportunities in a diverse number of sectors in North America.
Debevoise & Plimpton LLP was the fund’s legal advisor. One Rock Capital Partners used placement agents including Moelis & Company LLC and Mitsubishi Corporation Asset Management Ltd.