Updated: August 14, 2024
StoneTree Investment Partners Fund I, LP closed at its hard cap in just over two months and was more than 2x oversubscribed. StoneTree partnered with Pacenote Capital as its exclusive placement agent. Joel Stanwood and Chris Dupré, Partners, said, “[T]he StoneTree team is deeply grateful to McGuireWoods for its multi-year partnership and for supporting our firm’s journey from initial startup to established independent sponsor to emerging manager. In particular, we would like to thank Jon Finger, Ryan Mitchell, and Chelsie Kidd for helping us get off the ground and for being our steady advisors, and to also thank Rick Starling, Abdul-Rahman Lediju, and Jake Mitchell for their excellent counsel and guidance on our first fundraise. We are also appreciative of the broader team at McGuireWoods that has made the firm the go-to for emerging managers, across deals, conferences, connections, and capital raises.”
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Updated: June 10, 2024
“We believe there were three critical factors that allowed us to successfully raise $850 million for our inaugural fund: a team with decades of shared investing experience, our consistency in investment approach and strategy, and our unique, differentiated, and integrated operator-investor model. This combination of team, strategy, and model resonated deeply with a diverse and global base of Limited Partners who were excited to partner with us to foster the next generation of market-leading software, information services, and technology-enabled platform businesses.” – Rishi Chandna, Managing Partner
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Updated: March 5, 2024
“We launched fundraising on our inaugural fund in late May 2023 only after testing the waters with potential anchors. When the response was favorable, we transitioned quickly into a full fundraising process, but one that was focused on the right type of partners for long-term success in building our franchise. Momentum built quickly, we exceeded our initial target within 3 months, and we closed at our hard cap within 5 months of launch.
I attribute the success of our fundraise to (a) having a truly differentiated strategy as a deep value / special situations buyer, focused exclusively on manufacturing where our team has decades of experience, (b) a long-term relationship between the founding partners, bringing complementary expertise in dealmaking and operations, and (c) outstanding partners in our placement agent Pacenote and legal counsel McGuireWoods, each of whom demonstrated their commitment to working with us and helped attract premier institutional investors.” – Kevin Madden, Co-Founder
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Updated: February 13, 2024
“We have built a diverse team of experienced investors and operators with a shared vision and values, and we look forward to partnering with like-minded companies and management teams.” – Azra Kanji, Founder & Partner
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Updated: January 26, 2024
“Launched in June 2023 and closed in December 2023, Forward Consumer Partners’ Fund I exceeded its target and closed at its $425 million hard cap, with support from a diverse base of respected global investors. Forward held a single close for Fund I and did not use a placement agent. The firm’s mission is to invest in powerful brands that make beloved products.” – Matt Leeds, Founder & Managing Partner
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Updated: December 20, 2023
“We appreciate the continued support from our existing and select new limited partners. Our fifth Healthcare and first Industrials fund were oversubscribed during a challenging economic backdrop, demonstrating investors’ trust in the performance and portability of Shore’s microcap strategy for growing small and medium sized businesses. Closing Industrials Fund I expands our focus on niches poised for growth to five industries: healthcare, industrials, food & beverage, business services, and real estate.”
“Shore will continue partnering with great entrepreneurs to grow faster with less risk, through access to capital, world-class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. With these new funds, we look forward to growing the Shore family beyond the 35,000+ team members, operating partners, and founders we’re partnered with today.” – Justin Ishbia, Co-Founder and Managing Partner
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Updated: October 30, 2023
“It’s a remarkable achievement for a firm that was launched less than 3 years ago. As we celebrate the final closing of the fund, our team remains unwavering in our mission to build partnerships that deliver attractive returns by supporting impactful growth across Africa.” – Walid Cherif, Co-founder & Managing Partner
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Updated: September 25, 2023
“We are thrilled to have closed our first fund at $800M in this challenging market. Our focus on the most recession-resistant corners of the consumer sector, in combination with our team’s operating and investing skills, really resonated with investors. Additionally, we were able to complete some transactions throughout our fundraising, which was very helpful in our process.” – Brian O’Connor
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Updated: September 21, 2023
“The market reaction to FVLCRUM demonstrates that aligning impact and alpha can drive compelling results.” – Chijioke Asomugha, Partner
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Updated: September 21, 2023
“We believe our strategy of focusing on being the first institutional investor in founder-owned companies in the Southeast, combined with our pre-fund track record resonated with LPs. It was helpful to our efforts to have an early anchor investor that enabled us to build the portfolio as we were meeting with new investors… In addition, we were able to continue building our team throughout the process adding five new professionals across portfolio support, sourcing, and deal execution.” – Stockton Croft, Co-Founding Member & Partner
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Updated: September 20, 2023
“The basic decision factors were Proprietary Deal generation, strong execution and solid track record for the Growtheum team. These were the common determining factors for our LPs to participate in the fund.” – Amit Kunal, Managing Partner
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