Ridgemont Equity raises $320m

The Charlotte-based firm closed its fund within 8 months.

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Ridgemont Equity held a final close for its Ridgemont Equity Partners Energy Opportunity Fund at $320 million, surpassing its original target at $300 million. The firm began fundraising in April this year.

The fund is a companion fund to its Ridgemont Equity Partners II, which was closed at $995 million in 2015.

The firm will use the capital to make buyout investment in energy sector in United States.