Five Elms Closes $780 Million Growth Equity Fund V
PR90792
KANSAS CITY, Mo., July 22, 2021 /PRNewswire=KYODO JBN/--
Five Elms Capital, a leading global growth private equity firm 100% focused on
investing in world class B2B software, today announced the closing of Five Elms
V with $780 million in capital commitments.
Five Elms V will target equity investments between $5 and $75 million. The new
fund received strong support from a diverse global base of new and existing
institutional investors, bringing Five Elms' total assets under management to
more than $1.5 billion.
"We are incredibly grateful for the longstanding support of our existing
limited partners. Our team is particularly excited about the number of founders
from Five Elms portfolio companies that personally invested in Five Elms V,"
said Fred Coulson, Founder and Managing Partner. "The new fund will allow us to
continue supporting world class founders in hiring amazing talent, scaling
culture, optimizing operations, and pursuing M&A as they continue to build
platforms that users love."
The fundraise caps a period of tremendous momentum for Five Elms. Highlights in
the last year include:
- 8 successful exits, driving $3.8 billion in exit value
- 10 promotions in addition to 19 new members added to the investment team
- +70 senior leadership hires across the Five Elms portfolio
Since the firm's inception in 2006, Five Elms has successfully partnered with
50 software companies with operations across 16 countries. With the new fund,
Five Elms will continue to invest in growth-stage software companies with
industry-leading value propositions and amazing company cultures. With more
than 60 professionals and $780 million of fresh capital, the firm is uniquely
resourced to continue investing in and supporting category leaders across a
wide variety of software verticals.
Evercore Private Funds Group acted as exclusive global placement agent for Five
Elms V and Foley & Lardner LLP acted as fund formation counsel.
About Five Elms
Five Elms Capital is a leading growth investor in world-class software
businesses that users love. Five Elms provides capital and resources to help
companies accelerate growth and further cement their role as industry leaders.
Five Elms maintains offices in North America and Europe and invests in the best
software platforms globally. For more information, visit: www.fiveelms.com.
Source: Five Elms Capital
CONTACT: Thomas Kershisnik
ws@fiveelms.com
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