RidgeLake completed the acquisition of a minority stake in Gauge Capital.

RidgeLake, a company specializes in middle market GP stakes investing, completed the acquisition of a minority stake in Gauge Capital, a middle-market private equity firm based in Southlake, Texas. Financial terms were not disclosed. "The RidgeLake team brings over 40 years of combined experience as a value-added investor and capital partner to leading private equity firms. We believe their thought leadership in the middle market makes them an ideal strategic partner as we strive to deliver superior returns for our investors," Tom McKelvey, Gauge Co-Founder and Managing Partner.