Rallyday Partners Raises $153 Million for Debut Fund

Rallyday Partners LLC, a new private-equity firm focused on lower midmarket deals, closed its debut fund slightly above the fund’s $150 million target, despite facing particularly difficult conditions for first-time fund managers.

The firm held a second and final close on Rallyday Partners Fund I LP at $153 million in a six-month fundraising process that ended in late March, said Casey Peters, co-founder and managing partner at Pacenote Capital LLC, a placement firm that marketed the fund. The fund’s first close was at $120 million in December, he added.

Read More