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Rockbridge Growth Equity company logo
Private Equity
rbequity.com

Investments

10

Portfolio Exits

6

Funds

3

Partners & Customers

1

Service Providers

1

About Rockbridge Growth Equity

Rockbridge Growth Equity is a private equity firm that invests in financial and business services, consumer-direct marketing, and sports, media, & entertainment industries.

Headquarters Location

One Campus Martius 1070 Woodward Avenue

Detroit, Michigan, 48226,

United States

313-373-7000

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Latest Rockbridge Growth Equity News

Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV

Aug 30, 2023

August 30, 2023 CHICAGO–( BUSINESS WIRE )–Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity. GSTV is a data-driven, national video network delivering content, programming, and advertising to targeted audiences to over 28,000 fuel retailers, reaching one in three American adults monthly. While offering consumers entertaining and informative content, GSTV drives measurable incremental sales for its advertising customers in retail, service, consumer goods and other sectors. About Monroe Capital Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia. Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the Lower Mid-Market Lender of the Decade, 2022 Lower Mid-Market Lender of the Year, 2022 CLO Manager of the Year, Americas; 2022 Best Performance in Private Debt – Mid Cap by Korean Economic Daily; Global M&A Network as the 2022 Small Mid-Markets Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com .

Rockbridge Growth Equity Investments

10 Investments

Rockbridge Growth Equity has made 10 investments. Their latest investment was in The Nest School as part of their Private Equity on September 9, 2022.

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Rockbridge Growth Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2022

Private Equity

The Nest School

Yes

2

1/5/2022

Private Equity

CheckedUp

Yes

1

10/1/2020

Private Equity

Quartile Digital

Yes

2

10/15/2019

Private Equity

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10

8/29/2018

Series C

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$99M

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10

Date

9/15/2022

1/5/2022

10/1/2020

10/15/2019

8/29/2018

Round

Private Equity

Private Equity

Private Equity

Private Equity

Series C

Company

The Nest School

CheckedUp

Quartile Digital

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Amount

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

2

10

10

Rockbridge Growth Equity Portfolio Exits

6 Portfolio Exits

Rockbridge Growth Equity has 6 portfolio exits. Their latest portfolio exit was Kings III Emergency Communications on September 06, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/6/2022

Acq - Fin - II

$99M

1

7/9/2020

Acquired

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$99M

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10

7/18/2018

Acquired

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$99M

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10

12/1/2016

Acq - Fin - II

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$99M

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10

10/13/2016

Acquired

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$99M

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10

Date

9/6/2022

7/9/2020

7/18/2018

12/1/2016

10/13/2016

Exit

Acq - Fin - II

Acquired

Acquired

Acq - Fin - II

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Rockbridge Growth Equity Acquisitions

15 Acquisitions

Rockbridge Growth Equity acquired 15 companies. Their latest acquisition was MARQUIS Software Solutions on November 30, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/30/2021

$99M

Acq - Fin - II

1

10/15/2021

$99M

Acq - Fin

2

4/30/2021

$99M

Acq - Fin

2

1/14/2021

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$99M

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10

10/29/2019

Debt

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$99M

$99M

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10

Date

11/30/2021

10/15/2021

4/30/2021

1/14/2021

10/29/2019

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin - II

Acq - Fin

Acq - Fin

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Sources

1

2

2

10

10

Rockbridge Growth Equity Fund History

3 Fund Histories

Rockbridge Growth Equity has 3 funds, including RB Equity Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/28/2021

RB Equity Fund II

$345M

5

10/8/2020

RB Equity Fund II-A

$99M

10

2/15/2019

RB Equity Fund I

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10

Closing Date

5/28/2021

10/8/2020

2/15/2019

Fund

RB Equity Fund II

RB Equity Fund II-A

RB Equity Fund I

Fund Type

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Status

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Amount

$345M

$99M

Sources

5

10

10

Rockbridge Growth Equity Partners & Customers

1 Partners and customers

Rockbridge Growth Equity has 1 strategic partners and customers. Rockbridge Growth Equity recently partnered with Penske Media on December 12, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

12/30/2016

Partner

United States

Penske Media And Rockbridge Growth Equity Enter Into Joint Venture In Robb Report

NEW YORK and DETROIT , Dec. 30 , 2016 / PRNewswire / -- Penske Media Corporation and Rockbridge Growth Equity today announced the formation of a joint venture partnership in Robb Report , the global authority on luxury .

6

Date

12/30/2016

Type

Partner

Business Partner

Country

United States

News Snippet

Penske Media And Rockbridge Growth Equity Enter Into Joint Venture In Robb Report

NEW YORK and DETROIT , Dec. 30 , 2016 / PRNewswire / -- Penske Media Corporation and Rockbridge Growth Equity today announced the formation of a joint venture partnership in Robb Report , the global authority on luxury .

Sources

6

Rockbridge Growth Equity Service Providers

1 Service Provider

Rockbridge Growth Equity has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - Fin

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Rockbridge Growth Equity Team

4 Team Members

Rockbridge Growth Equity has 4 team members, including current Founder, Managing Partner, Kevin Prokop.

Name

Work History

Title

Status

Kevin Prokop

Questor Management Company, and McKinsey & Company

Founder, Managing Partner

Current

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Name

Kevin Prokop

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Work History

Questor Management Company, and McKinsey & Company

Title

Founder, Managing Partner

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Status

Current

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