Bethesda’s Rotunda Capital Partners has raised $405 million in capital commitments for its third fund, which it will use to invest in family-founder companies across a range of industries.
The firm far outraised its initial target of $295 million. Commitments, it said, came from both new and existing investors and included public and private pensions, insurance and health care firms, family offices, consultants and multimanager funds.
The new fund comes just a year after Rotunda raised $195 million for its first institutional private equity fund. Though, a university endowment before that was technically its first fund.
Founded in 2009 by Managing Partner John Fruehwirth, Rotunda invests in companies across three sectors, largely spanning those in shipping, logistics, distribution and industrial. It invests in value-added distributors — companies that help move products from manufacturers to customers and include added product services — as well as e-commerce fulfillment firms…
Read the full story from the Washington Business Journal.
