Falfurrias
Private equityCharlotte Β· Growth
Also known as Falfurrias Management Partners Lp
Investment thesis
Falfurrias pursues an 'Industry First' strategy, using internal market research to identify innovative companies in markets benefiting from durable growth trends that persist across economic cycles. The firm combines investors and operators to add value both in sourcing deals and after investing, professionalizing lower-middle-market companies. It targets emerging growth businesses led by world-class executives, aiming to build market-leading, sustainable companies while aligning interests among investors, portfolio companies, and communities. Falfurrias operates two distinct funds and provides the same operationally focused value-creation resources across its portfolio.
Source: firm website, verified Aug 18, 2026.
What they invest in
from 41 of 48 portfolio companiesConsumer Γ9SaaS Γ9Enterprise Software Γ8FoodTech Γ7Fintech Γ6Advanced Manufacturing Γ5Marketing Tech Γ5AI & Machine Learning Γ4
HQs:United StatesΓ14CanadaΓ1
Investments Β· 48 tracked
founders shown can be your intro pathAmerican Safety Council provides online training courses covering workplace safety, driver safety, professional certifications, and continuing education.
EdTech
Bojangles operates a fast-food restaurant chain serving fried chicken, scratch-made biscuits, and Southern-style sides, and offers catering and a mobile app with deals and ordering options.
ConsumerFoodTech
Brainlabs is a full-service media agency that plans and optimizes paid media, SEO, analytics/measurement (attribution, incrementality testing, MMM), and creative/influencer marketing against revenue outcomes.
AdTechAI & Machine LearningMarketing Tech
Carolina Foods is a bakery manufacturer that produces sweet baked goods such as donuts, honey buns, fritters, cinnamon rolls, and mini pies, sold under its Duchess brand and through private label and co-manufacturing arrangements.
Advanced ManufacturingConsumerFoodTech
Combined Caterers is a catering services provider offering food and event services across venues in Raleigh and Charlotte, North Carolina, and Charleston, South Carolina.
ConsumerFoodTechRaleigh, US
Co-investorsStellus Capital Management
Commercial Credit Group (CCG) provides equipment financing and working capital to businesses in the construction, manufacturing, transportation, and waste industries.
Fintech
Co-investorsLovell Minnick
Crosslake is a global advisory firm serving private equity investors and their portfolio companies, offering technology due diligence, digital transformation strategy, and technology value creation.
Deep TechEnterprise Software
Co-investorsLeonard Green
Edge Industrial Technologies operates a group of brands producing precision industrial machine knives, blades, and equipment for food processing, flexible packaging, converting, and blown film extrusion applications.
Advanced ManufacturingHardware
E Tech Group is an industrial automation and control systems integration firm that provides enterprise software solutions to automate and manage industrial processes across various industries.
Advanced ManufacturingEnterprise SoftwareRobotics
FM Expressions manufactures custom heat transfers, including screen-printed and direct-to-film (DTF) transfers for bold multi-color and full-color designs, aimed at apparel decorators and screen printers.
Advanced ManufacturingE-commerce
Grounding Wellness sells grounding bed sheets made from organic cotton with integrated grounding fibers, marketed for sleep and wellness.
ConsumerDirect to ConsumerWellness & FitnessVancouver, CA
Co-investorsA-Rod CorpAllCloudAltitude AcceleratorAmpersandBand of AngelsBlumberg Capital+7 more
Industry Dive operates business publications that provide news, stories, and trend coverage for business leaders across various industries.
Marketing TechMedia & EntertainmentWashington, US
Eli Dickinson(Executive Officer, Director)Mark Teitelbaum(Director)Ryan Willumson(Executive Officer, Director)Michael Sean Griffey(Executive Officer, Director)
Co-investorsStellus Capital Management
Jumo Health provides patient experience solutions for clinical trials, focusing on building patient readiness through education and behavioral systems rather than traditional recruitment.
Digital HealthHealthtech
Co-investorsExcelerate Health VenturesHatteras Venture Partners
Kernel Seasons makes popcorn seasonings in flavors such as White Cheddar, sold to consumers for use on popcorn at home and at movie theaters.
ConsumerFoodTech
Local Hive sells raw, unfiltered honey products, including organic and honey-based hot sauces, sourced from local beekeepers.
ConsumerDirect to ConsumerFoodTech
My Code (formerly H Code) is a media company and marketing agency focused on growth and multicultural audiences, connecting brands with Hispanic, Black, AAPI, and LGBTQ+ consumers across 780+ publisher sites in the U.S.
AdTechMarketing TechMedia & Entertainment
Neighborly Software is a cloud platform for administering government-funded programs, covering enrollment, administration, and reporting for grants, loans, housing choice vouchers, and disaster recovery.
GovTechPropTechSaaS
NPI is an IT procurement advisory firm that provides enterprise price benchmarks, negotiation intelligence, and an AI-powered platform to help large organizations negotiate technology purchases and renewals with IT vendors.
AI & Machine LearningEnterprise SoftwareSaaS
Penta is a corporate advisory firm that combines senior counselors with proprietary stakeholder data and intelligence to help large organizations anticipate and manage political, cultural, economic, and technological risks.
Data & InfrastructureEnterprise Software
Said Differently is a creative and technology agency that assembles custom teams to deliver brand strategy, content, advertising campaigns, design, and digital product work.
AdTechEnterprise SoftwareMarketing Tech
Sauer Brands is a consumer packaged goods company that develops and manages a portfolio of food and flavor brands, focused on everyday products such as condiments and seasonings for consumers.
ConsumerFoodTech
SixAxis designs, manufactures, and installs industrial safety products including stairs, fall protection systems, and bulk-loading and access solutions for truck, railcar, and marine applications.
Advanced ManufacturingConstruction TechHardware
Synergy ECP is a technology services provider for the U.S. defense and intelligence community, offering integrated data solutions, cybersecurity operations, and mission enablement.
CybersecurityDefense TechGovTech
Tax Guard provides tax risk reports that give commercial lenders IRS-verified data on federal tax liabilities, including unpaid debts without liens, missing returns, tax deposit reports, and a tax risk score that public records searches miss.
Data & InfrastructureFintechSaaS
Assemble runs in-person events and digital programs that convene senior executives across industries and corporate functions to share peer intelligence and support decision-making.
Enterprise SoftwareFuture of WorkSocial
Training The Street is a global finance and business training provider offering courses in finance fundamentals and advanced topics such as financial modeling, M&A techniques, and AI tools for finance.
EdTechFuture of Work
Young American Food Brands is a family-run company that produces and sells protein products including beef, pork, sausage, burgers and provisions across a portfolio of brands.
ConsumerFoodTech
Youth Athletes United is a youth sports franchise platform operating multiple brands (including TGA and Soccer Stars) that offer introductory sports programs such as golf, tennis, and soccer for children through schools, community centers, and sports facilities.
ConsumerSports Tech
Fund performance Β· per public LP disclosures Β· 5
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Falfurrias Capital Partners VI, LPLPs: Florida State Board of Administration | 2025 | β | β | 0.07x | 0.00x |
| Falfurrias VILPs: San Diego City Employees' Retirement System | 2024 | β | β | 0.42x | 0.42x |
| Falfurrias Growth Partners ILPs: South Carolina Retirement System Investment Commission | 2023 | β | -13.5% | β | β |
| Falfurrias Capital Partners V LPLPs: Florida State Board of Administration | 2021 | β | 13.5% | 1.26x | 0.07x |
| Falfurrias Capital Partners IV LPLPs: Florida State Board of Administration | 2019 | β | 34.8% | 2.72x | 1.30x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Falfurrias made?
- Falfurrias has 48 tracked investments.
- What stage does Falfurrias invest at?
- Falfurrias invests at the Growth stage.
- What sectors does Falfurrias focus on?
- Falfurrias focuses on Sector Agnostic.
- Where is Falfurrias located?
- Falfurrias is headquartered in Charlotte, US.
- Does Falfurrias lead rounds?
- Yes, Falfurrias leads investment rounds.
- Who does Falfurrias co-invest with?
- Falfurrias most often shares deals with Stellus Capital Management, Blumberg Capital, Excelerate Health Ventures, among 17 tracked co-investors.
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