Rotunda Capital Partners Closes Oversubscribed Fund IV at $735 Million
Fund IV was significantly oversubscribed, closing well above its target of $550 million as well as the initial hard cap. The predecessor fund, Rotunda III (2022 vintage), had total commitments of more than $405 million.
On behalf of the firm, Managing Partners John Fruehwirth, Dan Lipson, Corey Whisner and Bob Wickham commented:
'We are humbled and proud to see the confidence the investors showed for our investment strategy of sourcing family-founder led companies and then applying our deep data and analytics approach to help them grow while driving operational improvements.
We are especially grateful for our existing investors' strong continued support and thankful for the resounding interest from new, high-quality investors, especially given the current market fundraising dynamic. Fund IV investors included US and global institutional investors such as pension funds, asset managers, fund of funds, endowments, foundations, health systems and insurance companies as well as family offices and former RCP portfolio company executives.'
Fund IV completed its first investment Capital Machine Technologies, Inc. ('CMT'). CMT was sourced thematically and is a distributor and repair service provider of metal fabrication machinery including press brakes, robotic welders, metal cutting machinery, and other equipment to US manufacturers across the Southeast and Midwest.
Campbell Lutyens served as global placement agent and Kirkland & Ellis LLP acted as fund counsel.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business & residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.
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