Insight

Fort Point Capital wraps up third fund at $340m

With the closing of FPC III, Fort Point Capital has raised more than $630 million since the firm's founding in 2011.

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  • Forum Capital Securities LLC served as placement agent for FPC III while Kirkland & Ellis LLP provided legal counsel
  • Since inception, FPC has acquired 13 platforms and closed 21 add-on investments
  • Based in Boston, Fort Point invests in the lower middle market

Fort Point Capital has closed its third fund at a hard cap of $340 million. With the closing of FPC III, Fort Point Capital has raised more than $630 million since the firm’s founding in 2011.

“We appreciate the continued support of our existing investors and are grateful for the strong interest from the new limited partners joining us in FPC III,” said co-founder and Partner Brooke Ablon, in a statement. “Fort Point continues to attract high-quality investors whose partnership is essential to the success of our firm.”

Based in Boston, Fort Point invests in the lower middle market, targeting companies with less than $100 million of enterprise value.

Since inception, FPC has acquired 13 platforms and closed 21 add-on investments enabling its platform companies to significantly scale. Fort Point now has 11 team members in Boston to support its continued growth.

Forum Capital Securities LLC served as the exclusive placement agent for FPC III, and Kirkland & Ellis LLP provided legal counsel.