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An arm of the Maryland Technology Development Corp. is aiming to raise $30 million for a new fund dedicated to investing in veteran-owned businesses.
Stuart M. Sutley and Genaro “Gino” Dellarocco, both veterans of the U.S. Armed Forces, are general partners of the Veterans’ Opportunity Fund. The fund will be managed by Tedco Capital Partners.
The fund is Tedco’s first specifically designed for service members and will focus on investing in veteran-owned businesses in technology, business services, manufacturing, retail, transportation, hospitality and health care. Rob Rosenbaum, president of Tedco, said in a statement the fund will help Maryland’s veteran entrepreneurs “continue to succeed in their business endeavors.”
Sutley founded Total Health Management and Innovative Wellness Solutions. Dellarocco was Commanding General of the U.S. Army Test and Evaluation Command at Aberdeen Proving Ground.