Falfurrias Capital Partners has raised $850m for its fifth fund, exceeding the Charlotte, N.C.-based firm’s fundraising goal, according to regulatory filings and people familiar with the offering.
The firm launched the vehicle, Falfurrias Capital Partners V LP, with an initial fundraising goal of $800 million, WSJ Pro Private Equity reported this year. The $850m close is a 70% step up from Falfurrias’ previous fund, which closed at its $500m hard cap in 2019.
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Falfurrias Capital Partners is a private equity investment firm focused on acquiring or investing in a diverse portfolio of growth-oriented middle-market companies. As a team of operators we leverage our significant, real-world experience to bring measurable contributions and create lasting value for both our portfolio companies and limited partners. By partnering with the most respected experts in their fields, we immerse ourselves in the industries which we invest in, identify the strongest growth opportunities, and rigorously test and learn using our expertise, data and tireless investigation.
Source: Wall Street Journal
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