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.
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