Kirkland & Ellis Advises Rotunda Capital Partners on Closing of $735 Million Fund IV.
Kirkland & Ellis has advised Rotunda Capital Partners on the final close of Rotunda Capital Partners Fund IV, L.P., which raised $735 million in total capital commitments, far surpassing its original $550 million target.
The fund attracted strong interest from both returning and new investors, despite a challenging fundraising environment.
The new vehicle continues Rotunda’s focus on acquiring and growing industrial businesses, particularly family- and founder-led companies.
With Fund IV, the firm plans to double down on its data-driven approach to scaling businesses and driving operational improvements.
Managing Partners John Fruehwirth, Dan Lipson, Corey Whisner, and Bob Wickham expressed gratitude for the vote of confidence from the investor community.
“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.”
The fund’s backers include a diverse group of institutional investors such as pension funds, asset managers, funds of funds, endowments, foundations, health systems, and insurance companies.
Family offices and several former executives of Rotunda portfolio companies also participated.
Fund IV represents a significant step up from the firm’s prior vehicle, Rotunda III, which closed in 2022 with more than $405 million in commitments. Campbell Lutyens served as global placement agent.
Kirkland & Ellis LLP served as legal counsel to Rotunda. The team was led by investment funds lawyers Dan McQuade, Matt Nabavian, and Matt Hudson; tax lawyers Chris Odell and Palmer Gunderson; and regulatory specialists Josh Westerholm, Reed Schuster, and Hannah Cloh.
Kirkland & Ellis is a leading global law firm known for its excellence in M&A, corporate law, litigation, intellectual property, and private equity. With offices in key financial centers worldwide, the firm advises clients across a broad range of industries. Recognized for its work on high-stakes transactions and disputes, Kirkland delivers innovative legal strategies backed by deep industry knowledge. Its focus on complex deals and cutting-edge solutions positions it as a trusted advisor in the global legal market.
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