Rosser Plots First Fund… Again

Hal Rosser took his son and split from his longtime partners at Bruckmann, Rosser & Sherrill, at a key time to start evaluating deals in the consumer and retail space.

“We think the economy is turning,” Rosser told peHub. “There will continue to be lots of opportunities.”

Rosser Capital Partners, which plans to be located in Greenwich, Conn., is still looking for a placement agent, and Rosser said he expects to select one by the close of the first quarter.

The private equity firm will seek out operating partners over the course of 2011 as Rosser, Jacob Organek and Luke Rosser, his son, begin to develop a deal pipeline. The forthcoming fund, which Rosser declined to elaborate on when he spoke with peHub this afternoon, will seek out as many as 12 operating partners to develop investments and serve on portfolio companies’ boards.

Particularly, Rosser said, operating partners with prior experience serving on boards and working as CEOs will be sought as Rosser Capital Partners develops its operating partner network. He anticipates the search for the team will take much of 2011.

“Everybody has a dream,” Rosser said. “My lifelong dream has been to have my own firm.”

Of course, he didn’t leave his firm flat en route to launching his own Rosser minus the Bruckmann and Sherrill. Rosser told peHub his departure coincided with the exits his former firm’s most recent fund made from a number of portfolio holdings he had worked with, and, in some cases, worked for as a director.