Kansas City, MO (PRWEB) February 26, 2008
Five Elms Capital, a private equity firm focused on growth equity investments, today announced a first close of $14 million in capital commitments. The investment team is led by Fred Coulson, former senior investment professional at TH Lee Putnam Ventures.
While most mainstream growth equity firms have minimums of $10 million per investment, Five Elms will target investments below that threshold. "We are excited to launch our debut fund to help with the lack of expansion capital available to emerging businesses," said Coulson. "Our fund size allows us to spend more time helping our portfolio companies get to the next level of growth as many of them are ignored by mainstream private equity."
Five Elms invests in businesses with established revenues and profitability. The firm typically seeks a minority ownership position, but is also comfortable with full buyouts and co-investments alongside its larger private equity peers. It also has the ability to invest in significantly larger transactions with the support of the firm's co-investment pool from select limited partners.
The firm expects to finish fundraising in the second quarter of 2008 and is targeting $20 million in capital commitments.