One Rock closes third fund at $2bn hard-cap

The New York-based manager reached the hard-cap for its private equity strategy.

Fund name: One Rock Capital Partners
Amount raised: $2 billion
Target size: $1.5 billion
Hard-cap: $2 billion
Stage of fundraising: Final close
Final close date: March 2021
Time on the road: 14 months
Predecessor fund: One Rock Capital Partners II ($964 million)

One Rock Capital Partners closed One Rock Capital Partners III after spending 14 months on the road. The fund reached its $2 billion hard-cap, surpassing the target size of $1.5 billion. The fund will pursue its predecessor’s strategy of investing in buyout and corporate private equity opportunities in North America.