“We had a huge demand. We significantly exceeded our goal,” Falfurrias managing partner Ed McMahan said in an interview. “It’s basically consistent with our track record and the fact that we continue to follow the same strategy with similar check sizes.”
The Charlotte, North Carolina-based company, founded by former Bank of America Corp. executives, began attracting investors near the end of 2024. Existing investors have taken on the bulk of the commitment, but there are also some opportunities for new investors, McMahan said.
The fund will target investments of $50 million to $100 million, with some flexibility for slightly larger deals. Falfurrias also has a growth-focused fund for slightly smaller targets. In total, the firm has raised $3.6 billion in capital since its inception and currently has $1.75 billion invested in active funds, according to the statement.
Despite the challenging fundraising situation, several private equity firms specializing in buying out mid-market companies have recently achieved success.
Source: Bloomberg
