RidgeLake Partners has taken a minority stake in middle-market private equity firm Gauge Capital to support future growth, according to Kate Sylvester, spokeswoman, in an email.
Terms of the transaction were not disclosed.
RidgeLake is a strategic partnership between PA Capital and Ottawa Avenue Private Capital that focuses on acquiring minority equity stakes in middle-market private equity firms.
"As the largest investor in their own funds, Gauge has built strong alignment with their investors, portfolio companies, and employees," said Michael Lunt, co-head of RidgeLake Partners, in a news release.
Gauge Capital manages more than $2 billion.