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Alternative Assets  + Private Equity  |  March 28, 2025
Falfurrias Seals $1.35B Raise for Sixth Buyout Fund
Joe Palmisano
By: Joe Palmisano

Falfurrias Seals $1.35B Raise for Sixth Buyout Fund

Falfurrias Management Partners has closed its latest oversubscribed middle-market private equity fund, Falfurrias Capital Partners VI, securing $1.35 billion. This follows its prior fund, Falfurrias Capital Partners V, which amassed $850 million in 2021.

Alongside Falfurrias Growth Partners (FGP), its specialized growth buyout fund targeting the software and business services industries, Falfurrias is currently deploying $1.75 billion across active funds and has accumulated roughly $3.6 billion in capital since its founding.

The Charlotte-based private equity firm was established by Hugh L. McColl Jr., former CEO of Bank of America, Marc Oken, former CFO of Bank of America, and Ed McMahan, the managing partner.

The firm’s strategy revolves around a unique investment philosophy focused on constructing concentrated portfolios within carefully chosen, resilient growth markets, guided by its proprietary Industry First methodology.

2024 marked a peak year for Falfurrias in terms of capital deployment and exits across its FCP and FGP strategies. The firm allocated $557 million to nine new platform investments and two add-on deals. Notable recent exits include the 2024 sales of ETech to Graham Partners and Combined Caterers to CCMP Growth, as well as the 2025 sale of Sauer Brands to Advent International. Additionally, Falfurrias unveiled investments in Jumo Health (a clinical trial solution provider), MOXFIVE (a cybersecurity firm), Snak King (a snack manufacturer), and Oddball (a digital services agency), among other ventures.

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.

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Falfurrias

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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