Atlanta-based growth equity firm Fulcrum Equity Partners has announced the final closing of Fulcrum Fund V at $372 million. Fulcrum’s original target was $300 million with a $350 million hard cap. However, due to investor demand, the partners decided to increase the hard cap to accommodate new LPs.
Fulcrum has no plans to change its investment strategy with the Fulcrum Fund V. However, the fund will be a stronger capital partner for investments by offering additional capital for faster growth, tuck-in acquisitions, or shareholder liquidity.
While Fund V includes more institutional investors, such as insurance companies, endowments, and registered investment advisors (RIAs), it continues the long tradition of including top entrepreneurs and executives as LPs in the fund. Now, over 150 CEOs and leaders are part of the Fulcrum family.
During the fund’s raising, Fulcrum invested in four companies: Defining Wellness Centers, FieldPulse, Canvs, and SurgNet Health Partners, and it is actively seeking new opportunities to add to Fund V.
KEY QUOTES:
“We owe a debt of gratitude to all the founders and executives we invested in through our prior funds who have built and sold amazing businesses. Without them, we would not be oversubscribed in the current fundraising environment.”
“My co-founders Tom Greer, Jeff Muir, and I, along with our Partners Jim Douglass and Philip Lewis, will continue to focus our investments on the same types of companies that have gotten us to where we are today – high growth B2B software and platform healthcare services opportunities.”
- Fulcrum Founding Partner Frank X. Dalton
“We are grateful for both the commitment of our LPs and the professional network that our CEO LPs bring to the table. It is a true differentiator and significant value creation driver for our portfolio companies.”
“We are tremendously grateful to Fulcrum’s investors and the wider community for their confidence that enables us to do what we love. We are eager to continue being the capital partner that we wanted as founders and operators to our portfolio. Let’s do this right.”
- Founding Fulcrum Partner Tom Greer
