Ridgemont Equity Partners has announced the closing of its latest fund, Ridgemont Equity Partners IV, with $2.35 billion.
The fund exceeded its initial target of $2.0 billion.
Ridgemont Equity Partners, based in Charlotte, N.C., is focused on investing in middle market companies to secure majority ownership or be the lead minority investor. Founded in 1993, the firm prefers to make more substantial investments from a dollars perspective in several sectors, including healthcare.