Sallyport Exceeds Target for Inaugural Fund, Raising $160 Million

– Sallyport, an operationally focused lower to middle-market private equity firm, has announced the closing of its first fund, Sallyport Partners Fund.

– The fund exceeded its target of $150mm, closing with $160mm in total capital commitments.

– The Houston-based firm is led by Chairman Doug Foshee and Managing Partners Kyle Bethancourt and Ryan T. Howard.

– Foshee, Bethancourt, and Howard established Sallyport Partners Fund in 2023 after achieving top decile returns at Foshee’s family office for over a decade.

– Foshee seeded the fund and serves as a member of the Investment Committee.

– Sallyport Partners Fund utilizes proven processes developed by the team to create value for investors on a larger scale.

– The fund primarily focuses on founder and family-owned businesses, corporate carveouts, and startups across various industries.

– Sallyport takes an active, strategic partnership approach, leveraging operational experience, networks, and industry expertise to drive value at portfolio companies.

– The team emphasizes working closely with management teams to achieve transformative growth and long-term value.

– The firm’s operational capabilities are built on decades of experience in leading, investing in, and building successful businesses.

– Sallyport’s investor base includes successful entrepreneurs, seasoned executives, and influential families, mainly from Texas.

– This collective experience and network strengthen Sallyport’s role as a value-add partner.