5th Century Partners announced the final close of its second investment fund at $276 million in total commitments, exceeding its target and nearly doubling the size of the firm’s predecessor fund.
The firm said Fund II received support from a diversified group of both new and existing institutional investors, including endowments, foundations, pension plans, insurance companies, and family offices. Following the closing, 5th Century Partners now manages more than $550 million across its funds and co-investment vehicles since launching in 2020.
Fund II will continue the firm’s strategy of investing in founder-owned and operated lower middle-market businesses within the healthcare and business services sectors. The company said it often serves as the first institutional investor in portfolio companies and works alongside management teams to support operational scaling, finance infrastructure, leadership development, and growth initiatives.
5th Century Partners said its investment model is supported by a network of operating executives, industry advisors, and its in-house Portfolio Optimization Practice, which develops strategic operating plans and customized resources for portfolio companies.
To date, the firm has completed four platform investments through Fund II, including Capstone Hospice, My Favorite Therapists, and Southern Paving & Milling, representing approximately 42% of committed capital.
Monument Group served as exclusive placement agent for the fundraise.
5th Century Partners is a Chicago-based private investment firm focused on lower middle-market healthcare and business services companies with long-term growth potential.
KEY QUOTES:
“We are pleased to announce the close of Fund II and are grateful for the strong support from our existing limited partners as well as the opportunity to welcome several new investors. Fund II positions us to continue partnering with exceptional founder-owned companies in healthcare and business services, applying the same disciplined approach that has defined our strategy.”
Marques Torbert, Co-Founder And Managing Partner, 5th Century Partners
“This close is a testament to the team we’ve built and the rigor we bring to every investment. Fund II allows us to do more of what we do best: identify exceptional companies and deploy capital with discipline.”
Bruce Hampton, Co-Founder And Managing Partner, 5th Century Partners
“It was a pleasure to support 5th Century Partners on the successful close of Fund II. The strong investor demand is a testament to the firm’s proven ability to create value in founder-owned businesses, and the team’s exceptional track record of partnership and performance.”
Chris Webber, Partner, Monument Group
