Peak Rock Capital has closed middle-market private equity fund Peak Rock Capital Fund III at $2 billion, a spokeswoman said Wednesday in an email.
Peak Rock's third fund exceeded its $1.3 billion hard cap and was over-subscribed. It is also 54% larger than its predecessor that closed in 2017 — $1.3 billion Peak Rock Capital Fund II.
Investors in the fund include the $155.2 billion Texas Teacher Retirement System, Austin.
