5th Century Partners has closed its debut fund at $144 million, beating its $100 million target. 5CP Fund I’s limited partners include corporations, endowments, family offices, fund of funds, state agencies, insurance companies and foundations. 5CP invests in middle-market companies.
CHICAGO, Feb. 1, 2022 /PRNewswire/ — 5th Century Partners (“5CP”), a purpose-driven private investment firm, announced today the close of its debut fund, 5CP Fund I, which closed with $144 million in capital commitments. Fund I was substantially oversubscribed, surpassing its target of $100 million. Fund I’s investors consist of institutional and strategically aligned limited partners, including corporations, endowments, family offices, fund of funds, state agencies, insurance companies and foundations.
5CP is a next-generation private investment firm that focuses on growing middle market companies within the healthcare, consumer and business services industries. The firm seeks to generate strong financial outcomes for its portfolio companies that help improve the economic outlook of diverse communities and stakeholders.
“We’re excited to launch a private investment offering that we believe embraces our increasingly diverse world and creates opportunities for current and future leaders to thrive,” said Marques Torbert, co-founder and partner, 5CP. “As part of our strategy, we’re partnering with diverse stakeholders – from founders and owners to operators and advisors – who share our vision to transform the future of business and understand the full impact of financial success.”
5CP partners with business leaders who are committed to driving economic and social impact. The firm invests in middle market companies that fit its value creation playbook and taps into diversity as a tool to help improve the performance of these companies. Within the middle market, 5CP focuses specifically on companies within healthcare, consumer and business services, which aligns with the team’s operational and investing experience.
With this strategic approach, coupled with 5CP’s expertise in these segments, the firm believes it is well positioned to generate growth for its portfolio companies, furthering its goal of providing more opportunity for ownership and transformative wealth creation for employees, communities and other stakeholders.
“We are grateful for the strong interest and support we received from our institutional investor base,” said Bruce Hampton, co-founder and partner, 5CP. “We believe the success of the fundraise demonstrates the strength of our proprietary strategy, strong industry knowledge and deep operational expertise. Combined with our investment approach, we are well positioned to execute on our goal to be a partner of choice for founders and operators seeking a value-add capital partner.”
5CP Fund I
5CP’s first fund aims to build a portfolio of 8-10 platform investments. The fund will focus on middle market companies that have $2 million to $20 million of EBITDA and present compelling opportunities to build long-term, sustainable value. Individual equity investments held by the fund will have a target range of $5 million to $50 million, with larger investments done in partnership with the fund’s limited partners. The fund has already made two initial investments with Vital Care, a value-add distributor of essential medical surgical supplies, and Estyle, a manufacturer and marketer of primarily multicultural haircare products for women. These transactions closed in December 2020.