– 5th Century Partners (“5CP”) announced the final close of its second fund (“Fund II”) at $276 million in total commitments, exceeding its target.
– Fund II is nearly double the size of the firm’s predecessor fund.
– Investors include endowments, foundations, corporate and public pension plans, insurance companies, and family offices.
– Since launching in 2020, 5CP now manages more than $550 million across its funds and co-investment vehicles.
– 5CP focuses on healthcare and business services companies with strong growth potential.
– Fund II will continue the firm’s strategy of partnering with founder-owned and operated lower middle market businesses.
– The firm often serves as the first institutional capital partner for its portfolio companies.
– 5CP supports portfolio companies by scaling operations, strengthening finance functions, developing leadership talent, and driving growth initiatives.
– The firm leverages a network of operating executives, industry advisors, and its in-house Portfolio Optimization Practice to support portfolio companies.
– Marques Torbert, co-founder and managing partner, said the successful close reflects strong support from existing and new investors.
– Bruce Hampton, co-founder and managing partner, said the fundraise highlights the strength of the team and the firm’s disciplined investment approach.
