– CID Capital closes Fund IV: Final close at $250 million, surpassing the $200 million target.
– Fund IV investor base: Includes institutional fund-of-funds, insurance companies, RIAs, endowments, and family offices.
– Key leadership acknowledgements:
– Cory Heck, CID partner, led the fundraising efforts.
– Steve Cobb, managing partner, commends the quick fundraising and team effort.
– CFO Debbie Morgan, CPA, CMA and CID Capital team played key roles in fundraising success.
– Unchanged strategy: CID remains an industrial-focused, first institutional capital investor.
– Eric Bruun, highlights the appeal of CID’s approach to owners, management, and advisors.
– Leadership promotions effective January 1, 2025:
– Eric Derheimer and Cory Heck elevated to co-managing partners.
– Derheimer will lead firm operations, and Heck will continue leading Investor Relations.
– Steve Cobb’s transition: Moving to senior partner role; focusing on portfolio management and succession planning before his retirement in December 2025.
– Future outlook: Derheimer and Heck express excitement about their new roles and building on CID’s legacy.
– Cobb’s endorsement: Praises the succession plan and leadership, noting CID’s strong future trajectory.
