The Denver-based private equity firm maintains its industry-focused lower middle market investment strategy.
Platte River Equity (“Platte River”) announced today the successful closing of its fourth private equity investment fund, Platte River Equity IV, L.P. (“Fund IV”). Platte River launched fundraising in March of this year with an initial target of $550 million and closed Fund IV at its hard cap of $625 million.
Platte River’s investor base is comprised of a diverse group of leading institutional investors, including endowments, pension funds, private foundations, funds of funds and family offices, as well as high net worth individuals. The firm’s principals collectively remain the largest investor across its four funds, having committed more than $150 million since the firm’s inception in 2006.
Based in Denver, Colorado, Platte River Equity is focused on equity investments from $20 million to $80 million in lower middle market operating companies with enterprise values generally between $40 million and $250 million. The firm targets control investments in sectors where it has deep operating and investing experience, including aerospace & transportation; energy & power; agriculture & chemicals; and metals & minerals. Platte River has raised funds with more than $1.3 billion of committed capital.
Capstone Partners served as exclusive placement agent for Fund IV. Kirkland & Ellis LLP, Bartlit Beck Herman Palenchar & Scott LLP and The Whitmire Group, LLC provided legal counsel to Platte River.