ATLANTA, March 12, 2024 – Fulcrum Equity Partners, a leading growth equity firm based in Atlanta, has announced the successful final closing of its Fund V, securing an impressive $372 million. This achievement significantly surpasses Fulcrum’s initial target of $300 million and even exceeded the $350 million hard cap, which was ultimately raised to accommodate the overwhelming investor demand. The oversubscribed fund underscores the robust confidence investors have in Fulcrum Equity Partners and its strategic approach to growth equity investments.
Frank X. Dalton, Founding Partner at Fulcrum Equity Partners, expressed his gratitude, stating, “We are deeply indebted to the visionary founders and executives we have partnered with throughout our previous funds. Their remarkable success in building and scaling exceptional businesses is the cornerstone of our fundraising achievements. Without their accomplishments, reaching oversubscription in today’s challenging fundraising landscape would not have been possible.” This statement highlights the virtuous cycle Fulcrum Equity Partners has cultivated, where the success of their portfolio companies fuels further investor interest and fund growth.
Despite the increased fund size, Fulcrum Equity Partners will maintain its proven investment strategy with Fund V. The firm will continue to concentrate on high-growth opportunities within B2B software and platform healthcare services. However, Fund V’s expanded capital base positions Fulcrum Equity Partners to be an even more impactful partner. The larger fund allows for greater flexibility in providing portfolio companies with the necessary resources to accelerate growth, execute strategic acquisitions, and offer shareholder liquidity throughout their business lifecycles. Dalton further elaborated, “My cofounders Tom Greer, Jeff Muir, and I, along with our Partners Jim Douglass and Philip Lewis, remain steadfast in our commitment to the investment sectors that have been instrumental to our success – high growth B2B software and platform healthcare services.”
Fund V marks an evolution in Fulcrum Equity Partners‘ investor base, incorporating a greater number of institutional investors, including insurance companies, endowments, and Registered Investment Advisors (RIAs). Crucially, the fund continues to embrace its long-standing tradition of including prominent entrepreneurs and executives as Limited Partners (LPs). This unique approach has cultivated a powerful network, with over 150 CEOs and industry leaders now part of the Fulcrum Equity Partners ecosystem. Founding Partner Tom Greer emphasized the dual benefit of this strategy: “We deeply appreciate the commitment from all our LPs and especially the invaluable professional network that our CEO LPs bring. This network is a true differentiator, providing significant value creation opportunities for our portfolio companies.”
Notably, even during the fundraising period, Fulcrum Equity Partners has already actively deployed capital from Fund V, investing in four promising companies: Defining Wellness Centers, FieldPulse, Canvs, and SurgNet Health Partners. The firm is actively seeking further investment opportunities to expand Fund V’s portfolio.
Greer concluded, “We are profoundly thankful to Fulcrum’s investors and the broader community for their trust in our vision and capabilities. Their confidence empowers us to pursue what we are passionate about – partnering with exceptional companies and driving growth. We are eager to continue serving as the capital partner that we ourselves sought as founders and operators, and we are committed to building businesses the right way.”
About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm distinguished by its commitment to providing entrepreneurs with not only capital but also hands-on operational support to accelerate company growth. Fulcrum Equity Partners strategically invests in healthcare services and B2B technology companies, targeting investments ranging from $5 million to $35 million in both minority and majority growth equity deals. The firm’s partners champion a philosophy of building sustainable businesses through robust systems, efficient processes, high-performing teams, and a strong company culture. This approach is underpinned by deep experience, comprehensive support, and enduring partnerships. To discover more about Fulcrum Equity Partners and their investment philosophy, please visit http://www.fulcrumep.com.
