Peak Rock Capital has announced the closing of a new fund.
The fund, Peak Rock Capital Fund IV, exceeded its target of $2.0 billion and closed at the $2.5 billion hard cap. Peak Rock indicated that the fund will primarily focus on family- and founder-owned businesses and carve-outs within the healthcare, technology, industrial and consumer sectors.
Peak Rock, founded in 2012 and based in Austin, Texas, is middle market private equity firm that makes equity and debt investments. The firm targets companies in healthcare and a few other industries operating in North America and Europe. Founded in 2012, Peak Rock seeks to invest $30 million to $500 million in companies with enterprise values of $50 million to $1.5 billion.