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

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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