Charlotte-based private equity firm Falfurrias Management Partners (Falfurrias) has closed its latest middle-market private equity fund, Falfurrias Capital Partners VI, at $1.35bn in investor commitments, surpassing its initial target.
Founded by former Bank of America CEO Hugh L McColl Jr, former CFO Marc Oken, and Managing Partner Ed McMahan, the fund centres on building concentrated portfolios in carefully selected durable growth markets. The firm leverages its proprietary Industry First methodology to identify investment opportunities in sectors benefiting from long-term regulatory, demographic, and secular trends.
Falfurrias reported record deployment and exit activity in 2024 across both its FCP and FGP strategies, investing $557m across nine platform acquisitions and two add-on investments.
Notable recent exits include ETech’s sale to Graham Partners and Combined Caterers’ sale to CCMP Growth in 2024, as well as the divestment of Sauer Brands to Advent International in 2025. The firm also expanded its portfolio with investments in Jumo Health (clinical trial solutions), MOXFIVE (cybersecurity), Snak King (snack manufacturing), and Oddball (digital services).
Falfurrias Capital Partners V, raised in 2021, closed at $850m. Together with its dedicated growth buyout fund, Falfurrias Growth Partners (FGP), the firm is currently investing $1.75bn in active funds and has raised approximately $3.6bn since inception.
McGuireWoods acted as legal counsel for Fund VI, while Shannon Advisors supported fundraising efforts.
