Falfurrias Management Partners closed its oversubscribed Fund VI at $1.35bn, extending its strong momentum in the middle-market private equity space.

The Charlotte-based firm has now raised $3.6bn since inception and is currently deploying $1.75bn across its flagship and growth funds.

Fund VI follows the $850m raised for Fund V in 2021. Falfurrias focuses on sectors including government and business services, food manufacturing, and industrial technology. Its proprietary ‘Industry First’ strategy targets markets shaped by durable, long-term trends, with operational value creation supported by a team of experienced investors and in-house specialists.

Founded by former Bank of America executives Hugh McColl Jr. and Marc Oken, alongside Ed McMahan, the firm was recently ranked among the top five global small-cap buyout firms by HEC Paris-Dow Jones.

Falfurrias invested $557m in 2024 across nine platforms and two add-ons, and exited several key portfolio companies, including ETech, Combined Caterers, and Sauer Brands. Recent additions to the portfolio include Jumo Health, MOXFIVE, Snak King, and digital agency Oddball.