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AUSTIN, Texas, April 7, 2021 /PRNewswire/ -- Peak Rock Capital LLC ("Peak Rock" or "the Firm"), a leading middle-market private investment firm, today announced the final closing of Peak Rock Capital Fund III LP and its parallel funds (collectively, "Fund III" or the "Fund"). Fund III substantially exceeded its target of $1.3 billion and was over-subscribed, closing at its hard cap on $2.0 billion of limited partner commitments. Peak Rock's predecessor fund, Fund II, closed on $1.3 billion of commitments in 2017 and its inaugural fund closed on over $700 million in 2013.
Fund III will continue Peak Rock's successful strategy of focusing on making investments in middle-market companies where Peak Rock can support senior management to drive rapid growth and profit improvement through operational and strategic initiatives. Peak Rock has developed a particular expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's flexible capital and highly experienced team allow the Firm to close transactions with exceptional speed and provide certainty of close to stakeholders. Peak Rock maintains its focus on companies with resilient demand drivers, especially those within the consumer, industrial, technology and healthcare sectors.