
A Texas Size Debut Fund – Braemont Closes on $500M Growth Equity fund
Dallas-based Braemont Capital, a private investment firm that partners with founders, families and ownership-focused management teams, has closed its debut fund – Braemont Partners I – at $525 million, making it the largest first-time growth equity fund raised in Texas history, according to the firm.
The firm, which was launched by former RedBird Capital partner Robert Covington in 2021, was eyeing a $500 million target.
The firm’s investments focus on defensive growth niches where it has prior or developed experience across the technology, business and financial services sectors.
“The closing of our first growth equity fund is an important milestone for Braemont and allows us to continue supporting entrepreneurs seeking investors who can serve as genuine strategic and value-added partners,” said Covington.
While at RedBird Covington’s investments included data center facilities developer Compass Datacenters and tech-enabled sales specialist N3 Sales Partnering.