5th Century Partners secures $276M for second growth-focused fund
Private equity firm 5th Century Partners (5CP) has closed its second fund at $276 million. The firm, founded in 2020, focuses on lower-middle-market companies in healthcare and business services with strong growth potential. Investors, including endowments, pension plans, and family offices, backed the oversubscribed fundraise. 5CP was launched by Bruce Hampton, Jessica Patton, and Marques Torbert. Their first fund, closed in 2022, raised $144 million—also oversubscribed. The firm now manages over $550 million across its funds and co-investment vehicles.
Fund II has already completed four platform investments, using around 42% of its committed capital. 5CP targets founder-owned businesses, aiming to accelerate growth through operational support. Their network includes industry advisors, operating executives, and an in-house Portfolio Optimization Practice. Monument Group, Inc. acted as the exclusive placement agent for the latest fund. The firm’s strategy remains focused on healthcare and business services, where it sees high potential for value creation.
The $276 million close brings 5CP’s total assets under management to over $550 million. With four new investments already made, the firm continues to expand its presence in the lower-middle-market sector. Investor confidence reflects the firm’s track record and growth-focused approach.
