5th Century Beats Fund II Target

Chicago-based 5th Century Partners announced the final close of its second fund, 5th Century Partners Fund II LP, with $276 million in total capital commitments. Fund II closed above target and is nearly twice the size of the firm’s first fund.
5th Century Partners invests in lower middle-market healthcare and business services companies. The firm focuses on founder-owned and operated businesses and often provides first-time institutional capital.
Limited partners in Fund II include both new and existing investors, including endowments and foundations, corporate and public pension plans, insurance companies and family offices.
Founded in 2020, 5th Century is led by managing partners Bruce Hampton and Marques Torbert. Mr. Hampton previously worked at The Vistria Group, Sun Capital Partners and Gauge Capital, and earlier was an investment banker at J.P. Morgan. Over his private equity career, he has completed buyout transactions representing more than $2 billion in enterprise value across healthcare, education, consumer and business services sectors. Mr. Torbert previously served as CEO and chairman of Ametros, where he helped grow the Long Ridge Equity-backed healthcare and insurance services company’s enterprise value more than 30x before its sale to Webster Bank for $350 million in December 2023. Earlier in his career, he worked at Clarion Capital Partners and Lazard Freres.
Marques Torbert
“We are pleased to announce the close of Fund II and are grateful for the strong support from our existing limited partners as well as the opportunity to welcome several new investors,” said Mr. Torbert, a co-founder and managing partner of 5th Century. “Fund II positions us to continue partnering with exceptional founder-owned companies in healthcare and business services, applying the same disciplined approach that has defined our strategy.”
5th Century has already completed four platform investments for Fund II, representing approximately 42% of committed capital. Current investments include Capstone Hospice, a Georgia-based provider of hospice and palliative services and end-of-life care at patients’ homes and assisted living facilities in the Metro Atlanta area; Southern Paving & Milling, a Florida-based provider of milling, paving, concrete, stripping and sealing services across Southwest Florida and Northern Georgia; and My Favorite Therapists, a Florida-based provider of applied behavior analysis (ABA) therapy for children ages 1 to 18 diagnosed with autism spectrum disorder.
A fourth platform investment has also recently closed and is expected to be announced in the coming weeks.
Bruce Hampton
“This close is a testament to the team we’ve built and the rigor we bring to every investment,” said Mr. Hampton. “Fund II allows us to do more of what we do best: identify exceptional companies and deploy capital with discipline.”
Monument Group was the exclusive placement agent for Fund II, with Partner Chris Webber leading the placement team. “It was a pleasure to support 5th Century on the successful close of Fund II,” said Mr. Webber. “The strong investor demand is a testament to the firm’s proven ability to create value in founder-owned businesses, and the team’s exceptional track record of partnership and performance.”
5th Century was founded in 2020 and is headquartered in Chicago. With the closing of Fund II, 5th Century now manages more than $550 million in capital across its funds and co-investment vehicles.