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JULY 7, 2016

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Rockbridge kicks off seventh hospitality fund with $140m haul

by Reg Clodfelter

Rockbridge has raised $139.6 million for its recently launched Rockbridge Hospitality Fund VII, according to a recent filing with the SEC.

Rockbridge declined to comment.

The $500 million fund is a follow up to Rockbridge’s Fund VI, which raised $438 million by its final close in October of 2014. The value-add/opportunistic fund series employs a strategy that utilizes debt and equity investments in U.S. hotels.

The fund series debuted with Rockbridge Hospitality Fund I, which closed in 2000 with $92 million.

 

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