Braemont Capital gathers $525m for inaugural fund

Braemont Partners I's limited partners include family offices, executives, and entrepreneurs.

  • Based in Dallas, Braemont targets companies in the technology, business service & financial service sector in North America
  • The firm was founded in 2021 by RedBird Capital Partners veteran Robert Covington

Braemont Capital has closed its debut fund at about $525 million, beating its $500 million target.

This is an increase from the previously reported amount for the fund-closing.

Braemont Partners I’s limited partners include family offices, executives, and entrepreneurs.

“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 said Robert Covington, managing partner at Braemont, in a statement. “The Braemont team’s depth of expertise and experience in supporting growing businesses and its long-term capital base are attractive points of differentiation for business owners and management teams.”

Based in Dallas, Braemont targets companies in the technology, business service & financial service sector in North America. The firm was founded in 2021 by RedBird Capital Partners veteran Robert Covington.