Kiddar Capital is launching its first public fund

Back in March 2016, Falls Church-based Kiddar Capital hired Cheryl Foil to lead new tech investments for the private equity firm. Now, Kiddar Capital, which has its roots in real estate, is getting even more into the tech space.

On Friday, the firm announced that it is launching a new fund — the Built World Fund. Via this new fund, Kiddar, which has made investments with private capital only thus far, plans to raise $25 million in outside capital to “maximize and scale their investment portfolio,” according to a press release.

https://twitter.com/KiddarCapital/status/827609082634915844

Per Kiddar Capital’s increased interest in tech over the past year or so, the fund will invest in “innovative technology that modernizes America’s most fundamental industries: real estate, construction, automation and logistics.”

“This fund is the natural next step for Kiddar’s growth,” Kiddar Capital founder and CEO Todd Hitt said in a statement. The firm itself will contribute 10 percent of the total fund, “so we have skin in the game and are at risk right alongside our limited partners,” Hitt said.