Sallyport

Sallyport is an operationally focused private equity firm based in Houston, Texas, that partners with management teams to grow and build high-performing businesses. The firm primarily focuses on the lower to middle market, aiming to create enduring value for investors, companies, and communities. Sallyport's investment strategy emphasizes strong relationships, deep research, internal expertise, and market trends to identify new opportunities. They act as a value-add partner, working closely with management teams to foster growth and long-term value.

The firm was founded in 2012, initially operating for over a decade as a single-family office, executing direct investments on behalf of the Foshee family. This period allowed the team to develop a robust network and investment process that generated top-decile returns, with a significant portion of deals originating from proprietary relationships. In 2023, desiring to apply this successful strategy on a larger scale, the team established Sallyport Partners Fund, which closed its inaugural fund at $160 million in capital commitments, exceeding its initial target.

Sallyport invests across a range of industries, transaction types, and ownership structures, targeting businesses with strong management teams, a proven history of success, and opportunities for the firm to add value. Their industry focus includes specialty finance, infrastructure services, energy/transition, logistics, manufacturing, financial services, staffing, and technology sectors. Notable portfolio companies include Validere, EnGoPlanet Energy Solutions, Sallyport Commercial Finance, and VRGL.

The Sallyport team brings extensive experience to their investments, including c-suite and board roles at Fortune 500 companies, positions at industry-leading private equity firms, and experience founding and scaling successful businesses. Key team members include Co-Founder and Chairman Doug Foshee, and Co-Founder and Managing Partner Kyle Bethancourt. Doug Foshee previously served as Chairman, CEO, and President of El Paso Corporation, leading it through a significant merger with Kinder Morgan. Kyle Bethancourt's background includes roles at The Blackstone Group and D. E. Shaw & Co.