5th Century Partners (5CP) has closed Fund II.
5CP is a private equity firm that invests in founders and management teams of lower-middle-market companies in healthcare and business services. According to its website, it aims to create lasting value and accelerate the success of its portfolio companies.
The team brings together investors, strategic operators, and innovators with diverse experience, focused on driving scale and fostering innovation across its investments. Launched in 2020, 5CP announced the close of its oversubscribed debut fund in 2022. It closed with $144 million in capital commitments, according to a press release.
Fund II
Fast forward to 2026, and 5CP has announced the close of Fund II at $276 million, nearly doubling the size of its first fund, according to a May press release. New and existing investors, including endowments and foundations, corporate and public pension plans, insurance companies, and family offices, supported it.
Fund II has already invested in Capstone Hospice, My Favorite Therapists, and Southern Paving & Milling. 5CP now manages more than $550 million across its funds and co-investment vehicles, as noted in the latest press release.
“Fund II positions us to continue partnering with exceptional founder-owned companies in healthcare and business services, applying the same disciplined approach that has defined our strategy,” Marques Torbert, co-founder and managing partner of 5CP, said in the press release.
Jessica Patton, co-founder and managing director of 5CP, commented on LinkedIn:
“A little over five years ago, 5CP was a small team and a thesis we believed in. Today, we closed Fund II at $276 million in total commitments, nearly double the size of our first fund, with over $550 million in AUM and twelve portfolio companies across healthcare and business services. Beyond the numbers, what stands out is the people who got us here: investors who believed in us, founders who trusted us as partners, and a team that has shown up every day to build something exceptional. Grateful for the journey so far. We’re just getting started.”
The post 5th Century Partners Closes Fund II At $276M To Further Its Investments In Founder-Owned Healthcare And Business Services appeared first on AfroTech.
The post 5th Century Partners Closes Fund II At $276M To Further Its Investments In Founder-Owned Healthcare And Business Services appeared first on AfroTech.