Five Elms Capital, a global growth private equity firm focused on investing in B2B software, has closed Five Elms V with $780 million in capital commitments.

“We are incredibly grateful for the longstanding support of our existing limited partners. Our team is particularly excited about the number of founders from Five Elms portfolio companies that personally invested in Five Elms V,” says Fred Coulson, Founder and Managing Partner. “The new fund will allow us to continue supporting world class founders in hiring amazing talent, scaling culture, optimising operations, and pursuing M&A as they continue to build platforms that users love.”

Evercore Private Funds Group acted as exclusive global placement agent for Five Elms V and Foley & Lardner LLP acted as fund formation counsel.

Read more/Source: Private Equity Wire