Rotunda Capital Partners—an operationally oriented private equity firm focused on industrial businesses—announced the closing of Rotunda Capital Partners Fund IV, L.P., with total capital commitments of $735 million. Fund IV was significantly oversubscribed, closing well above the target of $550 million and the initial hard cap.
The predecessor fund, Rotunda III (2022 vintage), saw more than $405 million in commitments.
Fund IV had completed its first investment Capital Machine Technologies (CMT). And 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.
Placement agent: Campbell Lutyens served as global placement agent and Kirkland & Ellis acted as fund counsel.
KEY QUOTES:
“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.”
Managing Partners John Fruehwirth, Dan Lipson, Corey Whisner and Bob Wickham
