Five Elms Capital has closed its sixth and largest fund to date, Five Elms VI, with $1.1 billion in total commitments as of October 2024. The fund was oversubscribed, drawing support from both returning and new investors and raising the firm’s assets under management to over $3 billion. The firm will use Fund VI to invest in fast-growing software companies that demonstrate strong customer relationships, scalable operations, and clear product value. Five Elms has a nearly 20-year history of backing founder-led companies at key growth points and offering hands-on support to help them expand and mature.
With a value creation team of 17 experienced software professionals, Five Elms supports portfolio companies in key areas such as finance, sales, product, AI, and operations. The firm has already made four platform investments under Fund VI, including Magma Math, RoomPriceGenie, Pathify, and Motivity. These companies operate in digital learning, hotel revenue management, higher education technology, and behavioral health, respectively. Evercore Private Funds Group served as the exclusive placement agent for Fund VI, while Foley & Lardner LLP advised on fund formation. Five Elms continues to focus on long-term partnerships that deliver tangible outcomes in growth, retention, and product performance.
