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Alternative Assets  + Private Equity  | 
A Texas Size Debut Fund - Braemont Closes on $500M Growth Equity fund

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.

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Braemont Capital

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.