Reuters - Ridgemont Equity Raises $735M Fund
A private equity firm spun off from Bank of America Corp in 2010 has raised its first fund, allowing it to continue making investments in mid-sized companies as the No. 2 U.S. bank pulls back from the business, Reuters reported. Ridgemont Equity Partners executives told Reuters that the firm received total commitments of $735 million from institutional investors in the United States, Europe and Asia. They include AlpInvest Partners Inc and the State of Wisconsin Investment Board, but not Bank of America. Charlotte, North Carolina-based Ridgemont raised the capital at a time when dollars are scarce for first-time funds.
12 April 2013•3 mins read
