– Rotunda Capital Partners (“Rotunda”), a private equity firm focused on industrial businesses, announced the closing of Rotunda Capital Partners Fund IV, L.P. (“Fund IV”) with $735 million in capital commitments.
– Fund IV was significantly oversubscribed, surpassing its $550 million target and initial hard cap.
– The predecessor fund, Rotunda III (2022), raised over $405 million.
– Managing Partners John Fruehwirth, Dan Lipson, Corey Whisner, and Bob Wickham expressed gratitude for the strong investor support.
– The firm emphasized its strategy of investing in family-founder-led companies and enhancing them through data-driven operational improvements.
– Fund IV received commitments from a diverse group of investors, including pension funds, asset managers, funds of funds, endowments, foundations, health systems, insurance companies, family offices, and former portfolio company executives.
– Fund IV’s first investment was Capital Machine Technologies, Inc. (“CMT”), a metal fabrication machinery distributor and service provider in the Southeast and Midwest U.S.
– CMT was sourced through a thematic investment approach.
