Rockbridge Announces Final Close of $438 Million Fund
Fund Oversubscribed, Exceeds Target
COLUMBUS, Ohio - November 17, 2014 - with the positive response from both existing and new institutional investors. Our focus and execution on delivering consistently-high absolute returns for our investors has resonated with the institutional and alternative investment communities,” said Jim Merkel, Rockbridge president & CEO.
Fund VI represents a diverse capital base, including pension funds, insurance companies, endowments/foundations, family offices and international investors.
Fund VI will make investments in hotels in the United States and has already closed on 11 investments, representing $131 million of capital commitments and $515 million of total capitalization, in eight states to date.
“We could not be happier with the quality and sophistication of our Fund VI investors,” noted Brett Alexander, Rockbridge managing director of Capital Markets. “We look forward to building long-term relationships with them and taking advantage of the opportunity in front of us.”
Triton Pacific Capital served as the exclusive placement agent for Rockbridge Fund VI and Morrison and Foerster LLP acted as legal counsel.
Rockbridge is a private equity firm that invests in hotels. Over the past 20+ years, it has made more than 333 hotel investments in 44 states in transactions worth more than $5 billion. Through its deep, in-house experience and strong foundation of industry relationships, Rockbridge has delivered a track record of attractive risk-adjusted returns across multiple cycles and is a leading investor in hospitality. For additional information about Rockbridge, visit www.rockbridgecapital.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
