Falcata Capital, LLC, a Houston-based private equity firm, closed its initial fund, at $1 billion of committed capital.
Led by Robert Burnett, president and co-founder, Falcata targets North American enterprise software and technology-enabled services companies across a spectrum of industries.
The firm typically seeks to invest between $50m and $200m in companies with market-leading positions that can benefit from an infusion of capital, a focus on growth and profitability over the long term, and the Falcata team’s extensive experience in operating software and technology-enabled companies.
Falcata has already deployed capital from the first fund with the purchase of Xpressdocs, a Fort Worth, Texas-based provider of brand management and direct marketing solutions for enterprises and franchises across a variety of industries, including real estate, healthcare, financial and professional services.
The firm’s management team is experienced in running and growing software and technology companies and has been involved in more than 25 acquisitions in the past five years.