It’s not clear what the target is for the new fund, but the previous one closed in May with about $170 million, and the firm’s fifth fund closed in 2006 with $135 million. The
The firm is particularly interested in vehicles that can take advantage of distress in the market, such as turnarounds, restructurings and secondaries, Christopher Baucom, managing director, private equity, for Fort Washington, told Buyouts in August.
Fort Washington commits to funds as small as $200 million and as large as $6 billion but tends to favor smaller vehicles, writing checks of $5 million to $10 million per fund. The firm has previously committed to buyout shops
Fort Washington Capital’s backers are a mix of public pensions, insurance companies, endowments and foundations. Insurance company
Fort Washington Capital manages or advises about a dozen private equity funds of funds and six customized programs, including ones for the states of Kentucky, New Mexico, Ohio and Utah. In 2008, it purchased the fund-of-funds business of Cleveland-based