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Route 2 Capital Partners Announces Final Close of Fund II

By May 29, 2024No Comments

Fund II Final Closing

May 29, 2024 – Greenville / Charleston, SC – Route 2 Capital Partners (“R2CP”), a private investment firm providing flexible junior capital solutions to lower middle market companies, is pleased to announce the successful final closing of Route 2 Capital Partners SBIC II, L.P. (“Fund II”) at $262 million. R2CP completed the final close with support from existing relationships and new commitments from institutional investors, banks, family offices, and high net worth individuals. Fund II has been licensed as a Small Business Investment Company by the U.S. Small Business Administration. With the closing of Fund II, R2CP has raised more than $468 million since the firm’s founding. Over the past 6 years, we have supported 25 platform investments and numerous add-ons.

“We are incredibly grateful for the continued partnership with a supportive group of diverse investors and are pleased to add a number of leading institutional investors with Fund II.” says Patrick Weston, Managing Partner. “Our experienced team and focused strategy continue to be well received by the market. The closing of Fund II is an important milestone accomplishment for our collective team.”

Scott Kester, Managing Partner, adds, “Our firm’s value-add capabilities and investment mandate position us well as we partner with independent sponsors, traditional PE sponsors, and management teams to finance and grow lower middle market businesses. We have closed four new investments in Fund II and look forward to building upon these relationships in the years to come.”

About Route 2 Capital Partners

R2CP is a private investment firm providing flexible junior capital solutions to lower middle-market companies, primarily in the southern U.S.  The firm’s partners possess over 100 years of combined investment, transactional and operational experience.  R2CP seeks to invest in established companies with minimum annual revenues and EBITDA of $10 million and $2 million, respectively, that generate predictable and profitable cash flows.  R2CP’s investment proceeds will be used to execute growth and expansion plans, support business recapitalizations and facilitate management buyouts.  R2CP reviews opportunities in niche manufacturing, business services, consumer products and services, and specialty distribution.  For more information, visit