CHARLOTTE, N.C., March 25, 2025 /PRNewswire/ — Falfurrias Management Partners (Falfurrias) today announced it has closed its latest oversubscribed middle-market private equity fund, Falfurrias Capital Partners VI, at $1.35 billion in investor commitments. The firm’s previous fund, Falfurrias Capital Partners V, totaled $850 million and was raised in 2021. Together with Falfurrias Growth Partners (FGP), the firm’s dedicated growth buyout fund investing in the software and business services sectors, Falfurrias is currently investing $1.75 billion in active funds and has raised approximately $3.6 billion in capital since its inception.
The Charlotte-based private equity firm, founded by former Bank of America CEO Hugh L. McColl Jr., former Bank of America CFO Marc Oken, and Managing Partner Ed McMahan, employs a distinctive investment approach centered on building concentrated portfolios in carefully selected durable growth markets. This strategy, driven by the firm’s proprietary Industry First methodology, enables Falfurrias to focus its deal sourcing on markets benefiting from regulatory, demographic, and secular trends that create sustained growth opportunities.
2024 was a record year for Falfurrias’ deployment and exit activity across both its FCP and its FGP strategies. The firm invested $557 million across nine new platforms and two add-on investments. Recent notable exits include the sale of ETech to Graham Partners and Combined Caterers to CCMP Growth in 2024, and Sauer Brands to Advent International in 2025. Falfurrias also announced investments in the award-winning clinical trial solution Jumo Health, cyber-security company MOXFIVE, leading snack manufacturer Snak King, and digital services agency Oddball, among others.
McGuireWoods LLP served as counsel to Falfurrias in the organization and offering of interests in the fund, and Shannon Advisors LLC partnered with the Falfurrias team on fundraising.
