Sallyport Successfully Raises $160 Million for First Private Equity Fund, Outperforming Initial Goals

Sallyport Exceeds Expectations with Inaugural Fund

Sallyport, a Houston-based private equity firm focused on operational investments, has announced a major achievement: the successful closing of its first fund, known as the Sallyport Partners Fund. This fund has not only met but exceeded its expectations, raising a total of $160 million, surpassing the original target of $150 million.

Founded in 2023, Sallyport operates under the leadership of Chairman Doug Foshee, along with Managing Partners Kyle Bethancourt and Ryan Howard. The trio has a proven track record, having previously achieved exceptional returns at Foshee's family office for over a decade. Their dual mission with Sallyport is to leverage their extensive experience and operational expertise to foster growth in businesses, particularly those that are founder or family-owned, corporate carveouts, or startups.

In a statement reflecting the firm’s core philosophy, Foshee remarked, "Sallyport Partners Fund was conceived to implement the successful strategies our team has refined over time, allowing us to deliver substantial value for our investors while making an impactful contribution to the businesses we partner with."

The approach taken by Sallyport is notably hands-on. The firm actively collaborates with its portfolio companies to foster growth and drive transformative changes. This is powered by the extensive operational experience and a robust network that the team collectively possesses. Bethancourt emphasized this commitment by stating, "We genuinely believe in working closely with management teams, utilizing our decades of experience in leading and investing, to cultivate long-term value and sustainable growth. Having been in management positions ourselves, we have a unique understanding of the challenges they face."

The investor base on which Sallyport is founded is also noteworthy. It comprises a diverse group of successful entrepreneurs, experienced executives, and influential families, primarily hailing from Texas. This convergence of experience and network enhances Sallyport's ability to act as a value-adding partner in their ventures.

About Sallyport

Founded in 2023 and situated in Houston, Texas, Sallyport focuses on delivering capital and guidance to expanding businesses across different sectors. The firm prides itself on being a value-added partner, with a mission centered on generating lasting value for investors, businesses, and communities while nurturing robust relationships with management teams.
Although the firm has just launched its first fund, the trajectory it has set is promising, hinting at a future of continued success for both them and the businesses they underwrite.

As Sallyport moves forward, it remains committed to upholding its strategic vision, building meaningful partnerships, and fostering a legacy of impactful investments that not only benefit shareholders but also contribute positively to broader economic growth.