Transaction Details

April 25, 2019



Deal Type

Private Funds Advisory

Deal Value


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GCA Advises Five Elms Capital on $300M Raise for Its Fourth Private Equity Fund

GCA is pleased to announce our client, Five Elms Capital, a leading investor in founder-owned software businesses, has closed Five Elms IV with more than $300 million in limited partner commitments.

The investor base includes an expanded group of global limited partners, including leading university endowments, foundations, pensions, family offices and financial institutions. Five Elms Capital (“Five Elms”) closed its previous fund in 2016 with $154 million of committed capital.

With its new fund, Five Elms will continue the firm's 12+ year strategy of investing in vertically focused software companies with industry-leading value propositions. Five Elms provides founders with resources and expertise to help them hire great new senior leaders, scale already fantastic cultures and accelerate organic growth.

"Five Elms has a firm culture that attracts exceptional entrepreneurs, limited partners and investment team members," said Fred Coulson, Five Elms Founder and Managing Partner. "We are excited to continue investing in great software companies who delight customers and provide tremendous career opportunity for team members. In a time where so many software investors are pursuing M&A strategies to harvest synergies, we are a beacon for entrepreneurs determined to succeed through team expansion and independent organic growth."

GCA acted as exclusive placement agent to Five Elms Capital in connection with this transaction. This deal adds to GCA’s extensive track record as a leading financial advisor in the private funds sector, with multiple successful fundraisings for a variety of private equity strategies.

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