Fort Washington Preps Sixth Fund Of Private Equity Funds

Nov 1 2007 | 12:08pm ET

Cincinnati-based Fort Washington Capital Partners Group, is returning to market with its sixth fund of private equity funds which has a capacity of $400 million.

Fort Washington Private Equity Investors VI will invest in 15 buyout funds and 15 venture capital funds with deal sizes ranging between $5 million to $20 million, according to a source familiar with the firm’s fundraising efforts. To date, the fund has already made commitments to an energy private equity fund and a venture fund.

“The firm invests in groups that have differentiated unique investment strategies because practically all of the money going to private equity is increasingly going to lower returns on average,” said the source. “There are some funds with less Roman numerals after their names that it thinks are much more differentiated and proven than some of the groups with fancier Roman numerals.”

Fort Washington is targeting institutional investors with assets between $100 million and $3 billion. Its previous fund of funds, Fund V, is about 80% committed to date.

The firm has also hired Robert Maeder as an investment manager responsible for leading due diligence and investment analysis of underlying funds and direct co-investment opportunities. Prior to joining FW Capital, Maeder served as a manager at L.E.K. Consulting where he developed growth strategies for corporate clients and led strategic due diligence assignments for private equity transactions. He has also held positions with CIVIC Partners, a middle-market buyout firm, and with Merrill Lynch’s mergers and acquisitions group.

“We are please to have Rob join our team,” said Christopher Baucom, managing director, private equity at FW Capital. “His strategy consulting experience working with numerous private equity firms will be a tremendous asset to our firm’s fund of funds business.”

FW Capital is the institutional private equity division of Fort Washington Investment Advisors. The group manages some $1.3 billion in total assets.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.