Rotunda Capital Closes Oversubscribed Fund III at $405m

Jun 29, 2022 | News

Rotunda Capital Partners has closed Rotunda Capital Partners Fund III with $405m in total capital commitments.

The Fund was oversubscribed above its initial target of $295 million. Fund III received capital commitments from a diverse set of investors, including public pensions, corporate pensions, insurance companies, healthcare companies, multi-manager funds, consultants, and family offices.

“We appreciate the continued support from our existing investors and are grateful for the strong interest from the new limited partners joining us in Fund III,” said Managing Partner John Fruehwirth. “This successful fundraise is the result of a cohesive, passionate team that works with our family-founders to implement our replicable and differentiated value creation strategy – Rotunda Performance System.”

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“Rotunda has built our brand around transforming family-founder owned industrial firms into data-driven growth platforms and we will continue that specialized focus in Fund III,” said Partner Bob Wickham.

Dan Lipson, Partner at Rotunda, noted that “Our investors have provided guidance and support as we seek to expand and implement the Rotunda thematic sourcing and operational improvement model. We are excited to continue partnering with great companies and their management teams.”

“We seek to achieve success by partnering with great management teams and recognize that our potential for success is dependent on their success. We thank them for the work they have done, which has contributed to the success of Rotunda,” said Partner Corey Whisner.

Rotunda would like to recognize Campbell Lutyens for their partnership in raising Fund III expeditiously and with significant capital from new investors, as well as Kirkland & Ellis LLP for providing fund formation counsel.

Source: Business Wire

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