Country for PR: United States
Contributor: PR Newswire New York
Thursday, July 22 2021 - 22:00
Five Elms Closes $780 Million Growth Equity Fund V
KANSAS CITY, Mo., July 22, 2021 /PRNewswire-AsiaNet/--

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:

Source:  Five Elms Capital

CONTACT: Thomas Kershisnik