Rallyday Partners raises $205M for 2nd fund

Rallyday Partners LLC raised $205 million at the close of its second fund.

The Rallyday Partners Fund II LP exceeded its $200 million target.

The firm's founding investment team, including Nancy Phillips, Travis Conway, Ryan Heckman and Mark Hopkins, made significant capital commitments to the vehicle.

The Denver-based firm invests in lower middle market growth companies.

Pacenote Capital LLC served as placement agent on the fundraising activity, while Greenberg Traurig LLP provided legal counsel. E78 Partners was fund administrator.