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Five Elms Capital’s Largest Fund To Date Raises $1.1 Billion

Five Elms Capital announced it has closed its Fund VI with $1.1 billion in total commitments. Photo credit: Shutterstock (Andrii Yalanskyi).

Posted June 5, 2025

Five Elms Capital has closed a $1.1 billion fund, the largest in the firm’s history.

Five Elms’ Fund VI will continue the company’s partnerships with software companies. Five Elms VI has already made four investments in software companies, including Magma Math, RoomPriceGenie, Pathify and Motivity, according to a release.

“Since 2006, we’ve partnered with founders who have built strong products and distinct company cultures to help them scale into category leaders,” Founder and CEO of Five Elms, Fred Coulson, said in the release. “Our team is purpose-built to support that transition and is ready to roll up their sleeves alongside our partners.”

Five Elms’ value creation team includes 17 in-house software operators with deep experience across executive recruiting, finance, sales and marketing, customer success, product development and AI enablement.

Evercore Private Funds Group acted as the exclusive global placement agent for Five Elms VI, and Foley & Lardner LLP served as counsel for fund formation.

Headquartered in Kansas City, Five Elms Capital has built over $3 billion in assets under management, with a team of more than 80 professionals. To date, the company has invested in more than 70 software platforms worldwide.