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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...