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Friday, November 20, 2020

Roebling Capital Partners Announces First Closing of its Debut Private Equity Fund

Fund I closes ahead of schedule despite economic uncertainty surrounding COVID-19

Dan Magarian and Keith Carlson. FTM file. 

Roebling Capital Partners (“RCP”), a Cincinnati-based lower middle market private equity investment firm, has announced the first closing of its debut private equity fund, Roebling Capital Partners Fund I (the “Fund”).  

The Fund has secured commitments from a diverse investor base from mainly local investors with varying backgrounds. The Fund has likely been popular due to the lack of local private equity investment opportunities and the confidence investors have in the partners of the firm, who each bring an extensive background in M&A, investing, tax, business leadership, real estate and entrepreneurship.

RCP was founded in May 2020 by five prominent businessmen from the Cincinnati area to meet the regional demand for private equity investments. Day-to-day operations are managed by Keith Carlson, Dan Magarian and Brian Malthouse, CPA; they are joined by William P. Butler and Robert B. Sathe, CLU, ChFC®.

RCP is ahead of schedule in reaching its first closing of Fund I despite the economic uncertainty surrounding COVID-19.  According to Keith Carlson, CEO and Managing Partner at RCP, “Considering the current economic climate and uncertainty about what the future holds post-election, we are happy to be making significant progress for Fund I. We have reviewed over 200 deals since opening our doors just five months ago, with one pending transaction close to completion that is under Letter of Intent.”

RCP plans to invest $1 million to $4 million per deal (including follow-on investments), serving either as the primary equity sponsor or as a co-investor alongside other equity sponsors.  Transactions that require more than $4 million can be accommodated with RCP’s extensive network of like-minded institutional investors.

RCP will seek to work with companies that have strong historical operations, possess management that has a desire to continue with the business, are hungry for equity ownership, and have potentially been inhibited by lack of capital or risk tolerance.

“We are overwhelmed by the amount of support and enthusiasm Roebling has received from the community, investors and others interested in investing with us,” said Dan Magarian, Co-founder and Partner at RCP. “It clearly validates the need for local investment opportunities that help investors diversify and build wealth while also benefitting our local economy.”

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