5th Century Partners Closes $276M Fund II Above Target

5th Century Partners (5CP) has closed its second fund above target at $276 million, backing lower-middle-market companies in healthcare and business services.

Fund II drew strong support from new and existing investors, including endowments, foundations, corporate and public pension plans, insurers, and family offices.

With the close, 5CP now manages more than $550 million across its funds and co-investment vehicles since launching in 2020.

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5CP is Enabling Mid-Sized Enterprises to Realize Full Potential

5CP is a private equity firm that invests in the founders and management teams of lower-middle-market companies in healthcare and business services with outsized growth potential. It was launched in 2020 by Bruce Hampton, Jessica Patton, and Marques Torbert.

The firm provides capital, operating expertise, and strategic relationships that drive sustainable growth. This enables partner companies to realize their full potential and deliver positive outcomes for their stakeholders.

“This close is a testament to the team we’ve built and the rigor we bring to every investment,” Bruce Hampton, co-founder and managing partner of 5th Century Partners, said. “Fund II allows us to do more of what we do best: identify exceptional companies and deploy capital with discipline.”

To date, the Chicago-based company has completed four platform investments in Fund II, including Capstone Hospice, My Favorite Therapists, and Southern Paving & Milling. These represent approximately 42% of committed capital.

“We are pleased to announce the close of Fund II and are grateful for the strong support from our existing limited partners as well as the opportunity to welcome several new investors,” said Marques Torbert, co-founder and managing partner of 5th Century Partners. 

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“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,” he added.

How Fund II Will Drive Growth

Monument Group, Inc. served as the exclusive placement agent for the Fund. “It was a pleasure to support 5th Century Partners on the successful close of Fund II. The strong investor demand is a testament to the firm’s proven ability to create value in founder-owned businesses, and the team’s exceptional track record of partnership and performance,” Chris Webber, Partner at Monument Group, said.

Fund II will continue 5CP’s strategy of partnering with founder-owned, lower middle-market businesses, often as their first institutional investor, to accelerate growth and value creation. 

Drawing on deep sector knowledge and a thematic sourcing approach, 5CP works closely with management teams to scale operating infrastructure, strengthen finance functions, and build talent and leadership. It also drives growth initiatives that position businesses for long-term success.

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The firm’s network of operating executives, industry advisors, and in-house Portfolio Optimization Practice strengthens this collaborative model. The practice provides companies with tailored resources and strategic plans led by a dedicated team. 5CP closed an oversubscribed inaugural fund in 2022 with $144 million in capital commitments. 

Main Image: 5th Century Partners team. Image Credit: ShoppeBlack