Braemont Capital – a relationship-driven investment firm that partners with founders, families, and ownership-minded management teams to invest in exceptional companies at growth inflection points – announced that it closed Braemont Partners I with about $525 million in total capital commitments. This Fund surpassed its initial $500 million target making it the largest inaugural growth equity fund raised in Texas history.
The commitments to the Fund were secured from a diverse set of investors, including leading family offices, executives, and entrepreneurs. Braemont’s relationship-driven strategy is enhanced by its distinguished investor base.
Launched in 2021, Braemont employs a thematic and opportunistic investment strategy, utilizing experience, research and relationships for identifying and cultivate actionable investment opportunities. And the firm’s investments focus on defensive growth niches where it has prior or developed expertise, across the technology, business services and financial services sectors. With a growth orientation, Braemont brings unique resources from its team, broader network, and capital base to help build businesses and create value for all stakeholders.
Braemont Capital founder and managing partner Robert Covington previously worked as a partner at RedBird Capital Partners and SSM Partners. And Covington also worked as a managing director at The Stephens Group.
KEY QUOTE:
“The closing of our first growth equity fund is an important milestone for Braemont and allows us to continue supporting entrepreneurs seeking investors who can serve as genuine strategic and value-added partners. The Braemont team’s depth of expertise and experience in supporting growing businesses and its long-term capital base are attractive points of differentiation for business owners and management teams. We are grateful for the trust and confidence our investors have shown in our firm and look forward to continuing to execute on the Fund’s strategy.”
- Robert Covington, Managing Partner
