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HomeFunding NC-based Falfurrias Management Partners Secures $400M for Inaugural Fund

[Funding alert] NC-based Falfurrias Management Partners Secures $400M for Inaugural Fund

NC-based Falfurrias Management Partners Secures $400M for Inaugural Fund. FGP is the firm’s first dedicated growth buyout fund. In addition to FGP, FMP manages its larger $850 million fund, Falfurrias Capital Partners V, and has raised over $2.2 billion of capital since inception.

NC-based Falfurrias Management Partners Secures $400M for Inaugural Fund. FGP is the firm’s first dedicated growth buyout fund. In addition to FGP, FMP manages its larger $850 million fund, Falfurrias Capital Partners V, and has raised over $2.2 billion of capital since inception.

FGP was oversubscribed and closed at its hard cap due to strong support from both new and existing investors comprising leading global pension plans, asset managers, insurance companies, endowments, foundations, family offices, and high net worth individuals.

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Demonstrating alignment with its investors, the General Partner of the fund committed approximately $45 million in capital alongside FGP limited partners.

FMP has expanded its team to support this new effort. Cam Dyer and Michael Clifton joined the firm as Partners to leverage their decades of private equity investing experience to help launch FGP. Mr. Dyer is chairman of FGP’s investment committee and brings more than 25 years of experience investing in the technology space, most recently as Partner and Co-Head of Global TMT Investing at The Carlyle Group.

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Ed McMahan, Managing Partner of FMP said, “We are delighted to have recruited world class investors and operators to join our team to help launch and lead FGP. The fund will allow us to pursue attractive investment opportunities that are identified through our Industry First process but where we previously did not have the investment expertise or fund strategy to pursue,”.

Mr. Dyer added “Our team is excited to have joined FMP, which has a strong track record of generating attractive returns for its investors through its Industry First approach supported by deep operating resources resident in the firm. We believe these extensive resources will allow FGP to continue FMP’s track record of successfully growing lower middle market companies in our target sectors.”

About Falfurrias Growth Partners

Falfurrias Growth Partners is an operationally focused lower middle market private equity fund focused on investing in high-growth companies in the software and business services sectors. The team is comprised of investors and proven operators, as well as in-house resources across strategy & market insights, finance / integration, and technology.

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