David Fredston has spent his career investing in companies that are succeeding but need a little help to make it to the next level. He is the founder and managing partner of Sole Source Capital. The firm was founded in 2016 and is based in Santa Monica, California. They are invested in several lower middle market corporations that are preferably still owned by the founder. This is done with an experienced group of investors and executives who have the knowledge needed for finding the right companies to work with.
Fredston started his career by getting his bachelor’s degree at Bates College in Maine. He is married to Rochelle Gores, a member of the Los Angeles based Gores family and founder of the Philanthropic Society of Los Angeles and before that she owned the boutique Arcade in West Hollywood. The couple was married in 2009 on the property of Mrs. Fredston’s father. Both of them have fathers who have investment companies that are successful. The couple has recently purchased a Cliff May designed home that had been owned by the Micheal Kidd estate.
Sole Source Capital and David Fredston recently raised over 200 million in funds for a second investment fund. This fund is going to be over twice the size of their original successful fund. This will further allow David Fredston to work with companies that are considered recession proof. The first fund has five main companies that are invested in and is considered successful by many of the industry experts.