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RSTW raised three funds totaling $870 million. RSTW focuses on providing junior capital to middle market companies in a variety of industries throughout the United States. (See Investment Criteria).
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The first of the RSTW funds, Rice Mezzanine Lenders, L.P. ("RMLLP"), was closed in October 1992 and totaled $121,500,000.
RMLLP was liquidated effective December 31, 2003 and generated a gross internal
rate of return of 22.36%.
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Our second fund, Rice Partners II, L.P. ("RPII"), totaled $250,000,000. RPII was closed in December 1994 and
has invested in seventeen companies. The fund is fully invested. |
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Our
third fund, RSTW Partners III, L.P. ("RSTWIII"), a $500,000,000 fund, was closed in July 1997.
RSTWIII invested in nineteen companies and is fully invested.
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