Emerging Managers

PE fundraising has entered a period that, while challenging, presents opportunities for new shops.

Falfurrias Growth Partners I will invest in lower middle market companies in the software and business services sectors.

The firm in October announced its first investment, taking a majority stake in ProSearch Strategies, a tech-enabled legal services provider to enterprise customers.

SEVA Fund I's limited partners include university endowments, charitable foundations, investment managers, and family offices.

Stellex was founded in 2014 by Ray Whiteman and Michael Stewart, who previously headed Carlyle Strategic Partners, a distressed and special situations platform.

Great Range Capital Fund III's limited partners include pension funds, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals.

Granite Creek FlexCap III will focus on growing lower middle market companies.

First-time funds only raised $6bn globally in the first quarter of 2023, after raising $67bn all of last year, according to Buyouts data.

The fund's limited partners include and university endowments, single- and multi-family offices and outsourced CIOs.

Trivest Recognition Fund will focus on exclusively on founder-led and family-owned businesses with EBITDA greater than $15 million.