About This Fund
Five Elms VI is the sixth and largest fund raised by Five Elms Capital, a Kansas City, Missouri-based growth equity firm partnering exclusively with high-growth, founder-led software companies. The fund completed its final close in October 2024 at $1.1 billion — the largest fund in the firm's 18-year history — bringing Five Elms' total assets under management above $3 billion. The oversubscribed offering drew strong participation from existing and new limited partners, meaningfully expanding Five Elms' global investor base.
Five Elms VI employs a global growth equity strategy targeting software businesses with proven business models, differentiated products, and strong customer loyalty positioned for meaningful scale. The firm focuses on companies at growth inflection points requiring expanded leadership teams, scalable operations, and enhanced product capabilities to reach category-defining status. Five Elms' 80-person platform includes 17 in-house operators with expertise in executive recruiting, go-to-market, finance, customer success, product development, and AI enablement, providing hands-on support beyond capital.
As of the fund's close, Five Elms VI had already deployed into four platform investments: Magma Math (AI-enabled digital learning), RoomPriceGenie (hotel revenue management), Pathify (higher education student experience), and Motivity (behavioral health practice management). Founded in 2006, Five Elms Capital has backed more than 70 software companies globally. Evercore Private Funds Group served as placement agent and Foley & Lardner LLP as fund formation counsel.