Two North Carolina-based investment firms have raised more than $550 million in new capital. Here are the details as reported by North Carolina Business News Wire.
Charlotte-based Falfurrias Capital raises $485 million in new fund
CHARLOTTE — Charlotte-based Falfurrias Capital Partners has raise $485 million in a new fund to make future investments in companies, according to a filing with the Securities and Exchange Commission.
Falfurrias Capital
Falfurrias is seeking to raise an additional $15 million in the fund.
Eighty-one investors have invested in the fund, called Falfurrias Capital Partners IV. The filing did not disclose what kind of companies Falfurrias intends to invest in with the proceeds.
Falfurrias was founded in 2006 by former Bank of America executives Hugh McColl and Marc Oken, as well as Ed McMahan, with the objective of investing in proven management teams to build middle market businesses.
The company invests in businesses with EBITDA of $3 million to $25 million across a range of sectors, including consumer and retail, food and beverage, business services, financial services, manufacturing, industrials, energy and health care.
Its past investments include Bojangles’ Inc., Capital Bank Financial Corp., and SixAxis LLC. In October, it acquired air purification technology company Global Plasma Solutions for an undisclosed amount.
Its last fund, Falfurrias Capital Partners III, raised $237.3 million to invest in companies.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
Five Points Capital raises $72.5 million for investment fund
WINSTON-SALEM — Private equity manager Five Points Capital has raised $72.5 million in an investment fund designed to invest in companies, according to a Securities and Exchange Commission filing.
Five Points Capital
The company raised $7.25 million from two investors. The company has not yet specified what the proceeds will be used for.
The initial offering was for $125 million. Five Points Capital hopes to raise $52.5 million more to meet the private financing goal.
The company, founded in 1997, focuses exclusively on supporting the needs of U.S. private, growth-oriented companies in the lower middle market.
The company employs three distinct investment strategies: private equity, mezzanine and small buyout.
With an 18-member investment team, Five Points Capital has made over 140 investments and committed about $1.6 billion in funds since inception.
The company was last in the news in November 2018 when it invested debt and equity to support the merger of E3 Federal Solutions with The Sentinel Co., a portfolio company of NewSpring Holdings.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
