Rolling Hills Ventures
In 2013, the McWhorter and Bovender families partnered to create Rolling Hills Ventures, an angel investment fund, that leverages their combined industry expertise, relationships, investment experience and infrastructure in the traditionally less organized arena of angel investing.
While the fund is new, the long tradition of angel investing at Clayton Associates is not. Clayton Associates was founded in 1996 as an incubator for angel investing. The early success of the angel investments led to venture funds, known as FCA Venture Partners. Although Clayton Associates has continued to be a leader in the angel investing community, its angel investments have been primarily on a deal by deal basis. Looking to provide structure to this activity, the firm is starting Rolling Hills Ventures, the new angel capital manager of Clayton Associates. The fund, which will be co-managed by Richard Bovender and Landon Gibbs, will invest in up to a dozen companies with the target investment size between $500,000 and $1,500,000 per deal.