Silversmith Capital Partners, a growth equity firm supporting entrepreneurs in technology and healthcare, announced the final close of Fund V with $1.7 billion in commitments—$1.6 billion from limited partners and $110 million from the team. This marks its fifth fund in 10 years, totaling over $5 billion in capital, reflecting disciplined execution and a founder-first approach.
Launched in May 2025, Fund V was oversubscribed, closing at target in three months, continuing the firm’s quick, conviction-driven fundraising.
Sri Rao is named managing partner, joining founders Jeff Crisan, Todd MacLean, Jim Quagliaroli, and Lori Whelan. Since 2015, Sri has been integral to Silversmith’s growth, shaping its strategy, team, and culture.
Over 70% of capital is from the first institutional investor, partnering with bootstrapped entrepreneurs at various growth stages. Consistent with prior funds, Fund V will make minority and majority investments in growth-stage tech and healthcare companies.
Counsel: Kirkland & Ellis provided fund formation counsel.
KEY QUOTES:
“Since day one, we’ve stayed focused on what we do best – backing exceptional founders solving real problems. That commitment has guided every fund we’ve raised and every partnership we’ve built.”
“Fund V includes participation from many of our long-time limited partners as well as more than 50 senior executives. To us, that kind of trust and reinvestment is the most meaningful affirmation of how we work.”
Todd MacLean, Managing Partner of Silversmith
“Sri embodies what we’re trying to do at Silversmith. He leads with humility, puts founders first, and brings deep domain expertise. Ask any founder he’s worked with, and they’ll tell you the same: he just gets it – he builds trust, meets founders where they are, and is a steady partner.”
Jim Quagliaroli, Managing Partner of Silversmith
