Five Elms Launches Maiden Private Equity Fund

Feb 27 2008 | 9:35am ET

One New York-based private equity firm is looking below the radar for deals. Five Elms Capital has held a first close of its maiden private equity fund with $14 million in capital commitments.

According to the firm, the new vehicle will target investments below the $10 million threshold that most other p.e. firms target.

“We are excited to launch our debut fund to help with the lack of expansion capital available to emerging businesses,” said Fred Coulson, founder and former senior investment professional at TH Lee Putnam Ventures. “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.”

Although Five Elms typically seeks a minority ownership position, it will also participate in 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.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note