Sallyport Secures $160 Million for New Private Equity Fund

Sallyport Celebrates Fundraising Success

Sallyport, a dynamic private equity firm focused on lower to middle-market investments, has announced the successful closing of its inaugural fund, Sallyport Partners Fund. Exceeding its initial target of $150 million, the firm has raised an impressive $160 million in total capital commitments.

Leadership Behind Sallyport Partners Fund

Based in Houston, the firm is spearheaded by Chairman Doug Foshee and Managing Partners Kyle Bethancourt and Ryan Howard. The trio has a rich background in achieving exceptional investment returns, drawing from over a decade of experience at Foshee's family office. Seeing the potential for a dedicated fund, they founded Sallyport Partners Fund, with Foshee being a key contributor and part of the Investment Committee.

A Strategy for Growth and Value

Doug Foshee expressed the firm's objective, stating, "Sallyport Partners Fund was created to utilize the proven processes our team has developed over time to generate value for like-minded investors on a larger and more impactful scale." This statement underscores the firm’s commitment to operational excellence and strategic partnerships.

Investing in Diverse Opportunities

The fund's strategy is aligned with a legacy of opportunistic investments, concentrating on founder and family-owned businesses, corporate carveouts, and startup ventures. Sallyport is dedicated to taking a hands-on approach as a strategic partner, leveraging its team's substantial operational expertise, vast connections, and industry knowledge to enhance the value of its portfolio companies.

Commitment to Long-Term Value Creation

Bethancourt emphasized the firm's dedication to collaboration, stating, "We are deeply committed to working hand-in-hand with management teams to drive transformative growth and generate long-term value." He noted the importance of having firsthand experience in leadership and investment, remarking that their unique appreciation for the management team’s challenges informs their collaborative approach.

An Exceptional Investor Network

Sallyport has built a remarkable network of investors, including accomplished entrepreneurs and seasoned executives, mainly sourced from Texas. This collective experience and influence significantly enhance Sallyport's capabilities as a value-add partner, allowing for effective collaboration and growth within their investments.

About Sallyport Partners

Founded in 2023 and headquartered in Houston, Sallyport is committed to delivering capital and leadership to businesses across various sectors. As a value-add partner, they work closely with management teams to cultivate thriving enterprises. Their overarching mission is to foster enduring value for investors, firms, and their communities.

Frequently Asked Questions

What is Sallyport Partners Fund?

Sallyport Partners Fund is the inaugural fund of Sallyport, aimed at investing in lower to middle-market companies, focusing on operational growth and value creation.

Who leads the management team at Sallyport?

The firm is led by Chairman Doug Foshee and Managing Partners Kyle Bethancourt and Ryan Howard, who bring extensive investment experience to the table.

What types of businesses does Sallyport target?

Sallyport primarily targets founder and family-owned businesses, corporate carveouts, and startups, employing a hands-on approach to foster growth.

What is the firm's investment philosophy?

Sallyport's investment philosophy centers around collaboration with management teams to drive transformative growth and generate sustainable long-term value.

Where is Sallyport based?

Sallyport is based in Houston, Texas, serving as an investment firm focused on various industries and dedicated to supporting growing companies.

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