What's New In Investments, Funds? - Falfurrias Capital Partners

Editorial Staff

13 September 2021

Falfurrias Capital Partners
has closed its latest lower middle-market private equity fund, Falfurrias Capital Partners V, at $850 million in investor commitments. The fund was oversubscribed, it said in a statement on Friday.

The firm’s prior flagship fund, Falfurrias Capital Partners IV, totaled $500 million and was raised in 2019. In total, FCP has around $1.9 billion under management.

The Charlotte-based private equity firm, founded by former Bank of America CEO Hugh L McColl Jr, former Bank of America chief financial officer Marc Oken, and managing partner Ed McMahan, will invest the proceeds of the fund in growth-oriented, lower middle-market businesses.

In the last year, FCP announced investments in H Code, the multicultural digital media agency; Chargeback Gurus, a global player in providing chargeback prevention and recovery services for eCommerce and Card Not Present transactions; Training the Street, provider of educational resources for financial professionals; Carolina Foods, a manufacturer of sweet baked goods; Crosslake, a technology services provider performing technical due diligence and value creation services for private equity firms; and Ballast Research, a business intelligence platform supporting reputation management initiatives for Fortune 500 customers.

Falfurrias Capital Partners was founded in 2006.