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.

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