Monument Group Advises Long Ridge Equity Partners on Oversubscribed Fund IV at $730 Million
Monument Group, a leading independent global capital advisory firm, announced today that it has advised Long Ridge Equity Partners (“Long Ridge”), a leading private equity firm focused on growth companies in the financial and business technology sectors, on the successful raising of Long Ridge Equity Partners Fund IV (the “Fund” or “Fund IV”). The oversubscribed Fund had a first and final close at $730 million of total commitments.
After three months of fundraising, the significantly oversubscribed fund held a single close at its hard cap of $650 million of Limited Partner commitments plus an additional $80 million of commitments from the General Partner and the firm’s network of executives and advisors.
Consistent with its predecessor funds, Fund IV will target majority and significant minority investments in high-growth financial and business technology firms led by exceptional management teams.
“We saw strong interest for Fund IV,” said Mike Miller, Managing Partner at Monument Group. “This demand, particularly amid a challenging environment, is a great testament to the Long Ridge team’s approach and to the results they consistently deliver to their investors. We were proud to advise Long Ridge on the raising of Fund IV and wish them continued success.”
New and returning investors in Fund IV include leading endowments, foundations, public pensions, asset managers, insurance companies, wealth managers, and family offices. 100% of the institutional investors in Long Ridge Equity Partners III returned as investors in Fund IV.
About Monument Group
Monument Group is a global independent full-service capital advisory and fundraising partner in alternative investments managed by a senior team with a significant buy-side investment heritage. Since 1994, Monument Group has assisted its clients in raising $131 billion across 205 funds and transactions. Across offices in Boston, London, Amsterdam, Hong Kong and Tokyo, the firm advises and assists on capital formation and liquidity solutions, including primary fundraising, secondaries, capital solutions and advisory services for both general and limited partners globally. For more information on Monument Group’s capabilities, visit www.monumentgroup.com.
Monument Group, Inc., is an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group Netherlands B.V. is licensed by the Netherlands Authority for the Financial Markets. Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer by the Japan Financial Services Agency (FSA) and Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong by the Securities and Futures Commission.
