Sturbridge Capital was founded in 2011 by Salam Chaudhary with a major investment commitment from Chris Hornung. Chris was the Founder and former longtime Chief Executive Officer of Pacific Cycle, a company which he grew to become North America’s leading supplier of bicycles and related products under the brand names of Schwinn, GT, Mongoose, Pacific, InSTEP, Pacific Outdoors, Roadmaster and Dyno.
Chris and Salam worked in close partnership when, as an investment professional at Wind Point Partners, Salam spearheaded an investment and recapitalization of Pacific Cycle. During the six-year partnership, Pacific completed multiple significant acquisitions, including the Schwinn, Mongoose and GT brands, more than quadrupling revenue and producing an investment return of over 14x for Wind Point Partners.
This successful partnership continued with the formation of Sturbridge Capital in 2011, which has since become one of the of the world’s leading purchasers of fund-of-fund, secondary fund, and tail-end private equity interests with over $250 million in assets under management.