Prospect Partners Wraps Up $225M Fund V

Prospect Partners, a private equity firm focusing on pre-lower-middle market companies, has successfully closed its latest fund, Prospect Partners Fund V, at its hard cap of $225 million.

It took just nine months to reach this milestone, and it was no easy feat, considering the tough fundraising landscape.

Yet, the firm managed to attract a range of investors, including endowments, family offices, and fund of funds across the U.S.

Led by the ever-strategic CEO, Brad O'Dell, who’s estimated to have a net worth of around $50 million, the company has spent more than two decades honing its reputation for backing promising, entrepreneurial businesses.

Erik Maurer, Partner at Prospect Partners said:

“We are delighted to announce the close of Fund V at its hard cap and we’re deeply grateful for the overwhelming support of our investors, both existing and new, utilizing our disciplined approach, value creation expertise and strong reputation built over more than 25 years, we’ll continue to partner with entrepreneurial, high-potential businesses to help them achieve new levels of success.”

Fund V will stick to this playbook, targeting companies at crucial points of growth within specialty services, niche manufacturing, and value-added distribution sectors. Think of it like pairing the right fuel with a high-performance engine — timing and strategy are everything.

One of the most exciting moves already made with Fund V? The acquisition of Extera Building Solutions, a commercial re-roofing company.

This investment aligns perfectly with Prospect’s knack for uncovering hidden gems in the market. And with a robust mergers and acquisitions pipeline, the firm is already lining up its next targets.

Prospect Partners' fundraising efforts were supported by Monument Group, a key player in capital advisory.

Despite market challenges, Monument Group’s expertise ensured the fund reached its hard cap, showing that even in rocky economic times, good strategy finds a way.

While Prospect Partners and Monument Group celebrate this win, eyes are already on what’s next — because if history is any indication, this firm isn’t slowing down.

In fact, we might see more headlines about their latest acquisitions before long!