5th Century Partners Raises $276M for Healthcare & Services

Big news in the investment world! 5th Century Partners (5CP) has just announced a major milestone: the successful closure of their second fund, bringing in a whopping $276 million. This significant capital infusion is set to fuel their mission of backing founder-owned businesses, particularly in the dynamic healthcare and business services sectors.

Doubling Down on Success

This isn’t their first rodeo. Launched in 2020, 5CP made waves with their debut fund, closing at $144 million in 2022. Now, with Fund II, they’ve nearly doubled that amount, showcasing impressive growth and investor confidence. This oversubscribed fund attracted a diverse range of backers, including endowments, foundations, pension plans, insurance companies, and family offices.

With this new capital, 5CP is poised to continue its strategy of partnering with exceptional founder-led companies. Their focus remains on creating lasting value and accelerating the growth of businesses in the lower-middle market.

Strategic Investments Already Underway

Fund II isn’t just sitting on the sidelines; it’s already put capital to work. 5CP has made strategic investments in notable companies like Capstone Hospice, My Favorite Therapists, and Southern Paving & Milling. These early investments highlight their commitment to diverse areas within their target sectors.

Collectively, 5CP now manages over $550 million across its various funds and co-investment vehicles. This substantial asset under management (AUM) underscores their growing influence in the private equity landscape.

A Vision Driven by People

Marques Torbert, co-founder and managing partner, expressed excitement about continuing their disciplined approach with Fund II. Jessica Patton, co-founder and managing director, shared a heartfelt reflection on LinkedIn, emphasizing that beyond the impressive numbers, it’s the people – the investors, the founders, and the dedicated team – who have been instrumental in their success.

Beyond the numbers, what stands out is the people who got us here: investors who believed in us, founders who trusted us as partners, and a team that has shown up every day to build something exceptional. — Jessica Patton, Co-founder and Managing Director, 5th Century Partners

With a solid track record and a clear vision, 5th Century Partners is definitely a firm to watch as they continue to empower founder-owned businesses and drive innovation.