Peak Rock hits $700m on debut

The Austin-based firm will make debt and equity investments in mid-market companies.

Peak Rock Capital has closed its first fund on its $700 million hard-cap, the firm announced in a statement. The fund was oversubscribed. 

Earlier this month, Peak Rock reported in a US Securities and Exchange Commission filing that it had raised at least $631 million for the fund, which will make equity and debt investments in mid-market companies, focusing specifically on management teams that would benefit from “operational and strategic changes”, the firm said. Limited partners in the vehicle include public and private pensions, sovereign wealth funds, foundations, endowments, funds of funds and other institutions. 

To read the full article on Private Debt Investor, click here.