Fulcrum Equity Partners Closes Second Fund with Capital of Over $93 Million
ATLANTA, Jan. 31, 2013 /PRNewswire/ -- Fulcrum Equity Partners ("Fulcrum"), an Atlanta-based growth equity firm, today announced the closing of its second fund, Fulcrum Growth Fund II, LLC ("FGF II"), with capital commitments in excess of $93 million, surpassing its target of $75 million.
One of Fulcrum's key strategies is to recruit successful entrepreneurs to the investor group, and FGF II now has more than 90 current and former CEOs from a wide range of industries.
"The deep business experience of our investors is a very rich resource for the Fulcrum Funds and our portfolio companies," said Jeff Muir, a partner at Fulcrum. "Many LPs have provided value-added support and guidance, including referring quality deals, assisting with due diligence, providing relevant industry experience and making strategic introductions." FGF II also significantly increased the number of family offices and institutional investors in its investor group.
Fulcrum is actively seeking opportunities to invest in rapidly growing companies, and FGF II has already invested in eight new portfolio companies. Fulcrum's prior fund, Fulcrum Fund I, LLC, is a $40 million fund that commenced in 2006 and invested in 11 portfolio companies, while completing 29 financings. Fund I has had four successful exits and already returned 157 percent of contributed capital.
About Fulcrum Equity Partners
Fulcrum Equity Partners, based in Atlanta, manages over $140 million and initially invests $1 million-$5 million with the ability to invest up to $10 million. We will consider investments in a wide variety of industries with an emphasis on information technology, healthcare and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestures, shareholder liquidity and recapitalizations. The partners have over 80 years of relevant experience, including operations, venture capital, mezzanine financing, accounting, law, investment banking and strategy consulting. To learn more, please visit www.fulcrumep.com.
SOURCE Fulcrum Equity Partners
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