Falfurrias raises $400m for inaugural growth buyout fund

Falfurrias Management Partners, LP (FMP) has successfully concluded the fundraising for its inaugural growth buyout fund, Falfurrias Growth Partners I (FGP), with an oversubscribed total of $400 million in investor commitments. This marks a significant milestone for FMP, which also manages the substantial $850 million fund, Falfurrias Capital Partners V. The firm has garnered over $2.2 billion in capital since its establishment.

FGP, specifically tailored for the lower middle-market, attracted robust support from a diverse investor base, including global pension plans, asset managers, insurance companies, endowments, foundations, family offices, and high net worth individuals. The fund's hard cap was reached due to overwhelming demand, with both new and existing investors participating. Noteworthy is the General Partner's commitment of approximately $45 million in capital, showcasing a strong alignment of interests with FGP limited partners. Focusing on growth-oriented enterprises in the software and business services sectors, FGP is poised to make strategic investments in the lower middle-market segment.