Fort Point Capital has closed its third private equity investment fund, FPC Small Cap Fund III and FPC Small Cap Fund III-A, LP (FPC III).
Fort Point began fundraising in March, 2022 with an initial target of $250 million and was oversubscribed, closing at the offering's hard cap of $340 million. With the closing of FPC III, Fort Point Capital has raised more than $630 million since the firm's founding in 2011.
Fort Point remains dedicated to the lower middle market with a service-oriented growth-focused approach targeting companies with less than $100 million of enterprise value. Fort Point is well-positioned to continue investing in partnership with strong management teams in business services companies with attractive fundamental attributes and strong growth potential.