Key Takeaways
- • Finback Investment Partners closed its second private equity fund, Finback Investment Partners 2024 Fund, LP, with nearly $500 million in capital commitments, and the fund was oversubscribed.
- • The fund targets buyout and growth investments alongside leading private equity sponsors, using the firm's "Network Capital" model of executives, investors, and policymakers.
- • Finback reports approximately $1.1 billion in assets under management and says it has partnered with more than 25 portfolio companies since inception.
- • Portfolio holdings disclosed to date include HUB International, OMNIA Partners, Spectrum Safety Solutions, ReliaQuest, Blue Cloud, Vermont Information Processing, and HealthEdge.
- • The firm evaluates more than 100 opportunities annually and advances only a select few.
Summary
Finback Investment Partners, a Coral Gables, Florida-based private investment firm, announced the final close of its second private equity fund, Finback Investment Partners 2024 Fund, LP, according to a Business Wire release. The fund was oversubscribed and closed with nearly $500 million in capital commitments, which the firm characterized as reflecting continued demand from both new and existing limited partners for its value-add investment approach.
The fund continues Finback's strategy of partnering with leading private equity sponsors on buyout and growth opportunities. The firm states it invests opportunistically across healthcare, digital infrastructure, financial services, technology and software, industrials, and education, seeking sectors where its network can support business development, sales, market entry, and corporate strategy. Finback says it evaluates more than 100 investment opportunities each year and advances only a select few.
The release lists seven holdings made to date: HUB International, the largest independent insurance broker in the United States and Canada; OMNIA Partners, a group purchasing organization serving state and local governments and educational institutions; Spectrum Safety Solutions, a manufacturer of industrial fire detection and suppression products; ReliaQuest, a cybersecurity provider focused on AI-driven security operations; Blue Cloud, an operator of ambulatory surgery centers specializing in dentistry and oral surgery; Vermont Information Processing, a provider of ERP-like systems and data solutions for food and beverage supply chains; and HealthEdge, a health insurance claims software provider.
Gov. Jeb Bush, Chairman of Finback, said the firm was "built on the idea that connectivity can be a powerful catalyst for growth." Jack Oliver, Co-Founding Partner, attributed the fund's oversubscription to limited partner confidence in the model and said it reflects the tangible impact delivered to operating companies alongside sponsor partners. Finback reports approximately $1.1 billion in assets under management and more than 25 portfolio companies since its inception.
The fund continues Finback's strategy of partnering with leading private equity sponsors on buyout and growth opportunities. The firm states it invests opportunistically across healthcare, digital infrastructure, financial services, technology and software, industrials, and education, seeking sectors where its network can support business development, sales, market entry, and corporate strategy. Finback says it evaluates more than 100 investment opportunities each year and advances only a select few.
The release lists seven holdings made to date: HUB International, the largest independent insurance broker in the United States and Canada; OMNIA Partners, a group purchasing organization serving state and local governments and educational institutions; Spectrum Safety Solutions, a manufacturer of industrial fire detection and suppression products; ReliaQuest, a cybersecurity provider focused on AI-driven security operations; Blue Cloud, an operator of ambulatory surgery centers specializing in dentistry and oral surgery; Vermont Information Processing, a provider of ERP-like systems and data solutions for food and beverage supply chains; and HealthEdge, a health insurance claims software provider.
Gov. Jeb Bush, Chairman of Finback, said the firm was "built on the idea that connectivity can be a powerful catalyst for growth." Jack Oliver, Co-Founding Partner, attributed the fund's oversubscription to limited partner confidence in the model and said it reflects the tangible impact delivered to operating companies alongside sponsor partners. Finback reports approximately $1.1 billion in assets under management and more than 25 portfolio companies since its inception.
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