One Rock Capital Partners has closed $3.97 billion in capital commitments across two new funds, its flagship Fund IV and the newly launched Emerald Fund, marking the largest raise in the firm’s history. The total surpasses its previous fund, which closed at $2.01 billion in 2021, and brings One Rock’s asset under management to more than $10 billion.
The Emerald Fund marks One Rock’s first vehicle focused on the lower middle market, while Fund IV continues the firm’s established strategy of pursuing complex buyouts across North America and Europe. One Rock specializes in four key sectors: chemicals, food and beverage manufacturing and distribution, specialty manufacturing and business and environmental services.
Founded in 2010 by Tony W. Lee and R. Scott Spielvogel, One Rock has completed 67 investments to date, including platform and add-on acquisitions. The firm attributes its success to a value-oriented and operationally focused approach that identifies opportunities often hidden.
“In a period of significant global uncertainty, we believe our track record of creating value by investing in complex situations in the industrial sectors of the economy continues to resonate within the institution investor community,” said R. Scott Spielvogel.
