Atlanta's Fulcrum Equity Partners is raising its largest fund yet
Private equity activity slowed in the last half of 2022 as high inflation and rising interest rates constricted the capital markets.
According to the filing, Frank Dalton is the manager for the fifth fund. He was a partner at the firm and a founder. The last half of 2022 saw a slowdown in private equity activity due to high inflation and tightening capital markets. Additionally, technology startups have lower valuations, which is a result of current market conditions. This means that private equity firms can negotiate better deals. According to Atlanta Business Chronicle research, Fulcrum is Atlanta's 15th largest private equity firm with $615 million in capital under management. According to the firm's website, it has made more than 60 investments and exited more than 25 times since 2000. Fulcrum closed its fourth fund, worth $275 million, in March 2021. The fund focused on technology-enabled and health services, information technology, business software, and business-to-business services. The fund was invested in by Atlanta's Cox Enterprises as well as Nonami LLC, which is the family office of Tom Cousins, a real estate mogul.