Apogem Capital and OA Private Capital Close Inaugural $1.1B RidgeLake Partners Fund

RidgeLake Partners debut GP stakes fund secured $1.1 billion in total commitments. RidgeLake is a strategic partnership between Apogem Capital, a New York Life affiliate, and OA Private Capital. Their fund is focused on the middle market, aims to provide investors with opportunities for minority equity investments in GPs managing assets ranging from $1 to $10 billion.

The fund, comprising the main vehicle and an accompanying co-investment structure, has garnered support from a diverse array of limited partners. These include commitments from insurance companies, wealth management firms, foundations, family offices, and high net worth investors. Notably, RidgeLake has already executed six investments, showcasing the team's adept navigation of the middle market landscape.

With plans to expand their portfolio, RidgeLake's strategy involves leveraging existing GP relationships and capitalizing on their extensive connectivity within the middle market. This successful capital raise underscores the firm's commitment to facilitating strategic investments and minority equity access for a broad spectrum of investors.