Fulcrum Equity Partners, an Atlanta, GA-based growth equity firm investing in healthcare, software and technology-enabled service companies, closed its third fund, with $203m in committed capital.
Fulcrum Growth Fund III, which exponentially exceeds its first two funds, which totaled $40 million and $93 million, respectively, received support from its existing base of investors that includes many current and former CEOs and a number of new name-brand institutions to its LP base.
Led by Jeff Muir, partner, Fulcrum targets healthcare, software and tech-enabled services growth stage companies that are initially looking to raise $5m – $20m and will consider $3m – $4m initial investments in companies that expect to raise additional capital over time.
The firm provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestures, shareholder liquidity and recapitalizations.
To further accelerate its growth, the firm, which also has an office in St. Petersburg, Fla., will open a third office in Chapel Hill, N.C. this fall.
The team was aided in the fundraise by Bright Harbor Advisors.