Riata Capital Group (“RCG” or the “Firm”), a private equity firm focused on control investments in the lower middle market, today announced it has successfully closed RCG Equity Fund II, LP (“RCG II”) with commitments of $285 million, exceeding the Firm’s hard cap. RCG II will target six platform companies within the Firm’s three industry sectors of business services, consumer, and healthcare services. RCG has made three platform investments from RCG II and is approximately 50% deployed. As of March 31st 2024, RCG’s assets under management exceeded $1 billion1.

Jeff Fronterhouse, Managing Partner of RCG, said, “We are very pleased with the support of both our existing and new limited partners, allowing us to exceed our target and hard cap in what is a challenging fundraising market. We attribute this to the compelling performance of the investments we’ve made from RCG II, as well as delivering liquidity and value creation across the rest of our portfolio. RCG is well-positioned to complete the deployment of RCG II; as well as execute the larger strategy of building the Firm into a market-leading manager in the lower-end of the middle market, delivering strong and consistent results to our investors.”

Since its founding, RCG has raised approximately $695 million of equity capital across primary funds and co-investment partnerships, invested $544 million, and delivered significant liquidity to investors. Through March 31st 2024, the Firm has increased the EBITDA of its platform investments more than 5x since acquisition. The Firm will continue to target equity investments of $25-$150 million in companies with $5-$30 million of EBITDA in RCG II.

RCG was advised by Raymond James Private Capital Advisory and Probitas Partners.

About Riata Capital Group

RCG is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately held companies with a focus on three industry sectors - business services, consumer, and healthcare services. The Firm takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and record of successful collaboration required to achieve their liquidity and value-creation objectives. Over the course of their careers, the principals of RCG have deployed over $2 billion of capital into more than 45 platforms and 300 add-on acquisitions totaling over $7 billion in transaction value. For more information, visit www.riatacapital.com.

________________________________ 1 The values of unrealized investments are unaudited as of March 31, 2024, and are inherently uncertain and subject to change. There is no guarantee that such value will be ultimately realized by an investment or that such value reflects the actual value of the investment. Actual realized proceeds on unrealized investments will depend on, among other factors, future operating costs, the value of the assets and market conditions at the time of disposition, any related transaction costs, and the timing and manner of sale, all of which may differ from the assumptions on which the valuations reflected in the historical performance data contained herein are based. Accordingly, the actual realized proceeds on these unrealized investments may differ materially from the returns indicated herein and there can be no assurance that these values will ultimately be realized upon disposition of investments. Different methods of valuing investments and calculating returns may also provide materially different results.

These materials are strictly confidential and have been prepared solely for the information of the intended recipient. They are not to be reproduced in whole or in part or used for any other purpose except as authorized by Riata Capital Group (“RCG”). Reproduction and distribution of these material may constitute a violation of federal or state securities laws. By accepting these materials, you and your representative agree to keep all of the information contained herein (together with any copies or extracts thereof) confidential to be bound by these confidentiality provisions.

Unless otherwise noted, the information contained herein has been compiled and estimated as of the date of this letter, and there is no obligation to update the information. The delivery of these materials will under no circumstances create any implication that the information herein has been updated or corrected as of any time after the date of publication or the date as of which such information is stated.

Any forecasts and estimates (including, without limitation, any projected rates of return) contained herein are necessarily speculative in nature, involve elements of subjective judgment and analysis, and are based upon certain assumptions and the best judgment of RCG. It can be expected that some or all of such assumptions will not materialize or will vary significantly from actual results. Accordingly, these projections are only an estimate. Actual results will differ and may vary substantially from the results shown herein or projected. Riata’s projected performance information is not a prediction or projection of actual results.

Jeremy Milner BackBay Communications jeremy.milner@backbaycommunications.com (401) 862-9422