Potomac investor and Shulman Rogers client Ethan Assal’s sixth fund has raised more than $60 million just 18 months after closing its fifth fund of more than $40 million. The new fund will continue the two-fold investment strategy Assal’s firm has used with previous funds: providing debt and equity investments to profitable, non-startup operating companies and investing in commercial real estate. Led by Assal, a managing partner, and his business partner David Brink, the fund has a broad mandate, splitting its investments about 50/50 between real estate and operating companies.
Shulman Rogers’ attorneys Aaron Ghais and Kimberly Mann oversee the firm’s relationship with the fund, which was set up by Ms. Mann, co-chair of Shulman Rogers’ Fund Formation Practice Group and also supported by Tim Bryan, head of Shulman Rogers’ Commercial Finance Practice Group.
For more on this, check out the Washington Business Journal’s coverage of the story
HERE.