Fulcrum Raises One of the Largest Southeast-Based Growth Equity Funds in Recent Years

Staff Report From Metro Atlanta CEO

Friday, July 28th, 2017

Fulcrum Equity Partners, a growth equity firm investing in top performing healthcare, software and technology-enabled service companies, announced the closing of its third fund, Fulcrum Growth Fund III. Fund III closed with $203 million in committed capital, more than 60 percent above the original target of $125 million. The latest Fund exponentially exceeds its first two funds, which totaled $40 million and $93 million, respectively.

Fulcrum received tremendous support from its existing base of investors that includes many current and former CEOs and also welcomed a number of new name-brand institutions to its LP base. To further fuel its growth, the Atlanta-based firm, which also has an office in St. Petersburg, Fla., will open a third office in Chapel Hill, N.C. this fall.

“The Fulcrum team is excited about the opportunity we see in the market to deploy Fund III. We have already closed investments in four portfolio companies with a fifth company under signed letter of intent,” said Jeff Muir, partner at Fulcrum. “The larger Fund enables us to be a stronger financial partner to help entrepreneurs take promising growth stage businesses to the next level through both capital infusion as well as operating experience.”

Top performance of Fulcrum’s first two funds has validated the firm’s healthcare, software and tech-enabled services growth stage strategy that will be deployed in Fund III. The team has proven its ability to help scale entrepreneurial companies into professionally managed organizations, highlighted by exits to name brand corporations and funds including Oracle, TeamHEALTH, SAI Global, Sequoia Capital, Insight Venture Partners, and GTCR, to name a few.

The team was aided in the fundraise by Bright Harbor Advisors. “Prospective investors recognized Fulcrum as a compelling opportunity to back a proven team that has known and worked together for over 20 years. LPs were attracted to the team’s deep operating experience, unique deal sourcing and consistent strong returns,” said Brett Nelson, managing partner of Bright Harbor. “As a result, investors were interested in the Fund, highlighted by demand far outpacing the original target raise.”

In addition to Bright Harbor’s exclusive placement agent role, DLA Piper LP provided fund formation counsel.