A private organization based in Ohio specializing in equity has successfully acquired $150 million worth of investment funds – this mammoth figure is among the highest amounts ever recorded in Cincinnati. Located in The Tower, a penthouse at the Kenwood Collection, Hauser Private Equity is cleared to spend at least $115 million of this money on investments according to co-director Paul Swanson. This is Hauser’s third and largest funding series.
The model designed for this investment initiative was first developed by Hauser in 2010, when it raised $44 million. Four years after that, another fundraiser reacher $100 million. Compare these staggering figures to the largest firm for venture capitalism in Cincinnati, Blue Chip Venture Company. Two out of their six funds reached $150 million. Another prominent venture firm, River Cities Capital Funds, has spearheaded five funds – only one of them ever dwarfed this figure.
Co-director Mark Hauser explained that raising money is never a guaranteed success. That being said, they’ve found something that works, and they intend to stick with it.
As far as the demographics of investors, most of them are understood to be considerably wealthy people and offices. They come from every corner of the country, despite most of them originating from Cincinnati as opposed to other cities. Mark Hauser has declined to provide further specifics. Over 90% of previous investors returned t make additional contributions to the fund. Hauser links this loyalty to demand for their product.
The process revolves around making investments to funds for controlled buyouts alongside investments specifically to stand-alone businesses. This is what Hauser refers to a “hybrid fund” for private equity. One recent fund by Hauser Private Equity involved 35 funds, as well as 17 companies.