SALLYPORT EXCEEDS TARGET FOR INAUGURAL PRIVATE EQUITY FUND, RAISING $160 MILLION
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HOUSTON, Jan. 13, 2025 ~ Houston-based private equity firm, Sallyport, has recently announced the successful closing of its first fund, Sallyport Partners Fund. The fund exceeded its initial target of $150 million and closed with a total of $160 million in capital commitments.

Led by Chairman Doug Foshee and Managing Partners Kyle Bethancourt and Ryan Howard, Sallyport is an operationally focused lower to middle-market private equity firm. The team has a proven track record of achieving top decile returns at Foshee's family office for over a decade. In 2023, Foshee, Bethancourt, and Howard established Sallyport Partners Fund after recognizing the potential to utilize their proven processes on a larger scale.

Foshee, who seeded the fund and is also a member of the Investment Committee, expressed his excitement about the new venture. "Sallyport Partners Fund was created to utilize the proven processes our team has developed over time to generate value for like-minded investors on a larger and more impactful scale," he said.

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The investment strategy of Sallyport Partners Fund remains consistent with that of Foshee's family office. The firm focuses on highly opportunistic investments in founder and family-owned businesses, corporate carveouts, and starting businesses from scratch across various industries. As a strategic partner, Sallyport takes an active approach in driving value at their portfolio companies by leveraging their team's extensive operational experience, expansive network, and industry expertise.

Bethancourt emphasized the firm's commitment to working closely with management teams to drive transformative growth and generate long-term value. "Our operational capabilities are forged from decades of firsthand experience leading, investing in, and building thriving businesses from the ground up," he said. "We have a unique appreciation for the management team's perspective because we've been in their shoes."

Sallyport has also cultivated an exceptional investor base primarily comprised of successful entrepreneurs, seasoned executives, and influential families from Texas. This collective experience, influence, and network further strengthens Sallyport's capabilities as a value-add partner.

With the successful closing of its first fund, Sallyport is well-positioned to continue its mission of driving value and growth for its investors and portfolio companies. The firm's proven track record and experienced team make it a promising player in the private equity market.

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