Fort Point Capital (“Fort Point”), a leading private equity firm focused on investing in service-oriented companies in the lower middle market, announced today that it has completed fundraising for FPC Small Cap Fund II (“the Fund”). The Fund will enable Fort Point to continue its investment approach of partnering with management teams and entrepreneurs to build market-leading business-to-business services companies. Since the firm’s inception in 2010, Fort Point Capital has raised close to $300 million in equity commitments across various investing entities and has invested in 10 platform companies and 15 add-on acquisitions.
Brooke Ablon, Co-Founder and Partner of Fort Point, said, “We look forward to investing our new capital base in compelling risk-reward opportunities. We will continue our disciplined and systematic approach of investing in attractive sub-sectors and operationally focused post-investment value creation.”
FPC Small Cap Fund II, with $194 million of commitments, exceeded its target of $175 million.
“We appreciate the support from our existing and new limited partners, and we are pleased that our investor base has expanded to include a broad group of financial institutions, family offices and pension funds,” commented Paul Lipson, Co-Founder and Partner of Fort Point.
Fort Point’s investment team will continue to be led by general partners Brooke Ablon, Paul Lipson, Christina Pai, and Mike Hermsen. Forum Capital Partners served as placement agent for FPC Small Cap Fund II. Kirkland & Ellis LLP provided legal advice to the Fund.
About Fort Point Capital
Based in Boston, Fort Point Capital is a private equity firm that invests in lower middle market, service-oriented companies in partnership with strong management teams.