Ex-BofA execs’ Falfurrias raises $850m for latest fund

Falfurrias Capital Partners in Charlotte, North Carolina, raised $850 million in its fourth and oversubscribed middle-market private equity fund.

Former Bank of America CEO Hugh McColl Jr. and ex-Bank of America CFO Mark Oken founded the private equity firm in 2006 has had a stellar 2021 with investment commitments from the Texas Teachers’ Retirement System in Austin.

Falfurrias Capital Partners V will invest in growth-oriented, middle-market businesses, leveraging the firm’s deep network of industry relationships, operational expertise and proprietary investment approach.

“The middle-market businesses that we’ve . . .

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