Five Elms Capital
Five Elms Capital raises $1.1 billion Fund VI
Summary: Five Elms Capital announced that Five Elms VI closed in October 2024 with $1.1 billion in total commitments. The firm described Fund VI as its largest fund and said the close raised Five Elms' assets under management to more than $3 billion.
Why it matters: The update may matter to due-diligence readers as a manager-central fundraising and platform-scale signal for Five Elms' software-growth strategy, while the source should not be used to infer returns, fund performance, investor composition, deployment quality, or investment merit.
Summary
Five Elms Capital announced that Five Elms VI closed in October 2024 with $1.1 billion in total commitments. The firm described Fund VI as the largest fund in its history and said the close raised Five Elms’ assets under management to more than $3 billion.
The Five Elms release also says Fund VI had made four platform investments at the time of the announcement: Magma Math, RoomPriceGenie, Pathify, and Motivity. This draft treats those details as source-attributed fundraising and deployment context, not as evidence of fund performance, portfolio quality, investor demand beyond the source’s wording, or investment merit.
Why it matters
For due-diligence readers, a manager-central fund close can be a useful public signal about a private-equity platform’s fundraising scale, current vintage, strategy focus, and early deployment themes. In this case, Five Elms ties Fund VI to high-growth software companies and names four initial platform investments, which helps readers track the firm’s stated sector and company-building posture.
The signal is bounded. A fund-close announcement does not show returns, fees, fund terms, limited-partner composition, future deployment pace, company outcomes, or whether any investment is suitable for a reader. Those topics would require separate public filings, manager materials, or later source-backed updates and should not be inferred from the announcement alone.
Source notes
- Five Elms primary release,
Five Elms Capital Raises $1.1 Billion Fund VI to Back High-Growth Software Companies: https://www.fiveelms.com/five-elms-capital-raises-1-1-billion-fund-vi-to-back-high-growth-software-companies/ - Source posture: primary manager announcement, suitable for source-attributed facts about the May 28, 2025 publication date, October 2024 close timing, $1.1 billion commitment figure, largest-fund wording, over-$3-billion AUM statement, named initial platform investments, and service-provider names.
- Verifier posture: the 2026-08-13 AM source reviewer cleared this as the preferred manager-central drafting candidate and reported body-level HTML support from Five Elms’ official domain. The reviewer found no same-event local post or draft at the time of review.
- Attribution caveat: keep all fundraising, investor-base, AUM, platform-investment, placement-agent, and fund-counsel details attributed to Five Elms. Do not convert the source’s announcement into a 9AT conclusion about performance, fundraising quality, LP demand, portfolio quality, or future returns.
9AT filing context
Public adviser/profile context reviewed by 9AT maps Five Elms Capital to CRD 163548 / SEC file 801-110914 and about $3.1 billion in reported regulatory AUM/profile scale. The same safe context associates Five Elms with fiveelms.com, 69 employees, 58 advisory employees, 28 private funds, and a 2026-03-30 ADV/profile submission.
That filing-derived context is useful only for broad adviser identity and platform-scale background. It does not prove the Fund VI close, validate Five Elms’ AUM statement in the release, identify limited partners, establish fund terms, show investment performance, or support any recommendation regarding Five Elms or Fund VI.
No 13F or Form 5500 context is included for this item. Public-equity holdings and employee-benefit-plan filings do not explain a private software-growth fund close or validate commitments, deployment quality, portfolio-company prospects, fund performance, or investment merit.
What to watch
Watch for later Five Elms-authored updates on Fund VI deployment, additional platform investments, sector focus, team additions, exits, and future ADV/profile changes that clarify the firm’s private-fund count or reported adviser scale.
Future coverage should keep public filing signals separate from Five Elms’ own fundraising narrative. A later portfolio-company announcement may be useful when it adds a new, source-backed deployment or governance signal, but it should not be used to infer Fund VI exposure unless a public source clearly names the relevant vehicle.