Rockbridge Announces Final Close Of $438 Million Fund

COLUMBUS, Ohio, Nov. 4, 2014 /PRNewswire/ -- Rockbridge announced the final closing of Rockbridge Hospitality Fund VI L.P. ("Fund VI") with $438 million of committed capital. Due to strong demand from investors, the company exceeded its original fund target of $350 million.

"We are very pleased with the positive response from both existing and new institutional investors. Our focus and execution on delivering consistently-high absolute returns for our investors has resonated with the institutional and alternative investment communities," said Jim Merkel, Rockbridge president & CEO.

Fund VI represents a diverse capital base, including pension funds, insurance companies, endowments/foundations, family offices and international investors.  

Fund VI will make investments in hotels in the United States and has already closed on 11 investments, representing $131 million of capital commitments and $515 million of total capitalization, in eight states to date. 

"We could not be happier with the quality and sophistication of our Fund VI investors," noted Brett Alexander, Rockbridge managing director of Capital Markets. "We look forward to building long-term relationships with them and taking advantage of the opportunity in front of us."

Triton Pacific Capital served as the exclusive placement agent for Fund VI and Morrison and Foerster LLP acted as legal counsel.  

Rockbridge is a private equity firm that invests in hotels. Over the past 20+ years, it has made more than 333 hotel investments in 44 states in transactions worth more than $5 billion. Through its deep, in-house experience and strong foundation of industry relationships, Rockbridge has delivered a track record of attractive risk-adjusted returns across multiple cycles and is a leading investor in hospitality. For additional information about Rockbridge, visit www.rockbridgecapital.com. 

For More Media Information:
Samantha Schmidt/Chelsea Moore
The Zimmerman Agency
850.668.2222
[email protected]

SOURCE Rockbridge

Related Links

http://www.rockbridgecapital.com

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