Ridgemont Equity Partners announced the final closing of Ridgemont Equity Partners I, L.P. ("REP I"), with total commitments of $735 million. The firm's first independent fundraising was successfully completed at the end of March with excess demand. Limited Partners in REP I include a diversified group of leading institutional investors from the U.S., Asia and Europe.

In August of 2010, the former Banc of America Capital Investors private equity team spun off from Bank of America to form Ridgemont. The principals of Ridgemont have invested together for two decades, deploying more than $3 billion across 115 companies.

Ridgemont focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications, media, and technology. The firm has a long history of partnering with management teams of closely-held private companies and new business platforms as either a majority owner or lead minority investor. REP I is currently comprised of nine portfolio companies.

TPG Capital BD, LLC served as placement agent for REP I.

Ridgemont Equity Partners is a Charlotte-based private equity firm that specializes in middle market buyout and growth equity investments. The firm focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare and telecommunications/media/technology.