Cuyahoga hits $108m for FoF

Cuyahoga Capital Partners spun out of Key Capital Corporation in 2009, the same year it launched its fourth flagship fund.

Cuyahoga Capital Partners has raised at least $108 million for its fourth flagship fund en route to its $125 million target, according US Securities and Exchange Commission filings. 

Cuyahoga, a Cleveland-based fund of funds, specialises in acquiring secondary interests of leveraged buyout, venture capital, mezzanine and funds of funds, typically through smaller negotiated transactions, according to its website. 

In addition to secondaries, the firm also takes primary stakes in US-based lower mid-market funds.  

The firm did not respond to a request for comment. 

The firm launched Cuyahoga Capital Partners IV in 2009, the same year it spun out of Key Capital Corporation, according the filings. The spin-out included Key Capital’s series of funds, known as KCC Investors, in addition to those funds’ entire management team, according to a press release at the time. 

Cuyahoga is led by founding managing partners Bart Shirley and Christopher Hanrahan. Other members of the team listed as founders include Michael Griech, Michael Zeleniuch, Mary LaRocco and Jeffrey Mihalek.