Fvlcrum Funds

What Fvlcrum Funds does

Fvlcrum Funds is a private equity firm founded in 2013 and headquartered at 6903 Rockledge Drive, Suite 1100, in Bethesda, Maryland. Co-founded and led by Managing Partners Benjamin S. Carson Jr. and M. Harrison Perry, the firm invests control equity in fundamentally strong lower middle market US companies with $3-25 million of EBITDA across three core verticals: government contracting, healthcare, and technology-enabled business services. The firm differentiates itself by explicitly targeting diverse-owned businesses and aligning investment returns with measurable social impact, including a stated mission to address the U.S. racial wealth gap. Its debut fund was structured as a Public Welfare Initiative eligible for Community Reinvestment Act (CRA) credit in partnership with Clearinghouse CDFI, giving the firm differentiated access to regulated bank capital.

Fvlcrum's portfolio spans approximately a dozen operating companies, including Burrell Communications Group (multicultural advertising), Advanced IT Concepts (technology systems integration and cybersecurity for government clients), FBR Solutions (telecommunications infrastructure), Parking Management Company (PMC), Gulf Coast Crane Services (operating under the PEAK Infrastructure Services platform), Federal EC (trenchless pipe and underground utilities), Jefferson Solutions Group (government contracting), SafeTouch Security (physical security), and healthcare holdings Smile23 and Shamekh IV Solutions. Transaction structures include entrepreneur/family-owned recapitalizations, growth equity, management buyouts, corporate divestitures, and operating executive-led company searches. The firm typically serves as lead institutional equity investor, providing capital alongside hands-on operational guidance and operating-partner network access.

Fvlcrum generates revenue through private equity fund management fees and carried interest on its funds, with no public pricing of products or services. In August 2023, the firm exceeded its $250 million target and closed FVLCRUM Fund LP and sister fund entities on over $302 million in aggregate commitments, with LPs spanning banks, consultants, endowments, insurance firms, fund of funds, public pension plans, and high-net-worth individuals. Cumulatively, the partners claim 50+ transactions completed or advised and over $5 billion of transaction value, with PMC alone having created over 6,000 jobs since its 2014 acquisition. The firm operates without proprietary technology products, AI/ML capabilities, or external APIs — its offering is purely investment management and portfolio oversight, supported by an investment team of roughly 12-14 professionals.

Name

Fvlcrum Funds

Legal name

FVLCRUM Partners, d.b.a. FVLCRUM Funds Capital Group

Website

https://fvlcrum.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Fvlcrum Funds is a Bethesda, Maryland-based private equity firm founded in 2013 that makes control equity investments in US lower middle market companies ($3-25M EBITDA) across government contracting, healthcare, and business services, with a focus on diverse-owned businesses and CRA-eligible impact investing.

Ownership category

akta.pro rank

Product category

Private Equity / Lower Middle Market Buyouts

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds (FSANAGAC)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Private equity funds
• Lower middle market investing
• Control equity investments
• Impact investing
• Portfolio company management

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Private Equity Fund Management: FVLCRUM generates returns through private equity fund management, collecting management fees and carried interest on investments. The firm aligns social impact with investment returns, targeting control equity investments in diverse-owned businesses to generate sustainable opportunity for underserved communities while delivering favorable returns for investors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

FVLCRUM Funds is a private equity investment firm that raises committed capital from institutional and high-net-worth investors and deploys it as control equity into fundamentally strong lower middle market U.S. companies ($3–25 million EBITDA) in government contracting, healthcare, and technology-enabled business services. The firm provides portfolio companies with equity capital, hands-on operational guidance, and network access, with a mission-aligned focus on diverse-owned businesses and underserved communities.

Product overview

FVLCRUM Funds is a private equity firm (not a technology product company) that operates as a lower middle-market buyout firm. Rather than offering a unified software platform or product suite, FVLCRUM's offering consists of private equity investment management services targeting control equity investments in diverse-owned businesses. The company has built a portfolio of portfolio companies across sectors including technology systems integration (Advanced IT Concepts), multicultural advertising (Burrell Communications Group), telecommunications infrastructure (FBR Solutions), government contracting (Jefferson Solutions Group), infrastructure services/crane rental (PEAK Infrastructure Services/Gulf Coast Crane), professional services (Prolinenco), healthcare (Smile23, Shamekh IV Solutions), and security services (SafeTouch Security). These portfolio companies represent FVLCRUM's investment holdings rather than products or services FVLCRUM directly offers.

Differentiator

Problem solved

Functional benefit

Products and services

• FVLCRUM Fund LP (Private Equity Fund) Private equity fund vehicle that invests as a lead institutional equity investor in control equity transactions involving lower middle market U.S. companies ($3-25M EBITDA) in government contracting, healthcare, and technology-enabled business services; offered to institutional LPs and high-net-worth individuals.
• CCDFI FVLCRUM Fund (CDFI Partnership Initiative) Public Welfare Initiative partnership with Clearinghouse CDFI providing CRA-eligible private equity exposure for institutional LPs.

Quantifiable outcome

• Over $302 million in fund commitments raised, exceeding $250 million target
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• Vaughan Capital AdvisorsminorImplementation/ SI/ Consulting Partner · 1 October 2023Vaughan Capital Advisors acted as financial advisor in the transaction for the Burrell Communications Group acquisition led by FVLCRUM and View Park Capital.
• Womble Bond DickinsonminorImplementation/ SI/ Consulting PartnerWomble Bond Dickinson served as legal counsel to FVLCRUM Funds on the acquisition of Advanced IT Concepts, Inc. (AITC).
• Katten Muchin Rosenman / Jones DayminorImplementation/ SI/ Consulting PartnerKatten Muchin Rosenman along with Jones Day acted as legal advisors to FVLCRUM and VPC in the Burrell Communications Group acquisition transaction.
• Ernst & YoungminorImplementation/ SI/ Consulting PartnerErnst & Young acted as financial advisor to FVLCRUM in the acquisition of Gulf Coast Crane Services, LLC. Jones Day served as legal counsel on the same transaction.
• Brentwood Capital AdvisorsminorImplementation/ SI/ Consulting PartnerBrentwood Capital Advisors acted as exclusive financial advisor to Parking Management Company (PMC) in the minority recapitalization led by FVLCRUM. Zarren Law Group served as legal counsel.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ICV Partners: Minority-focused lower middle market PE firm investing in diverse-led companies. ICV is the closest direct competitor to FVLCRUM, sharing the impact + alpha thesis and similar sector focus including business services and consumer.
• Palladium Equity Partners: Minority-focused middle market PE firm investing in Hispanic/Latino-led and other diverse-owned businesses. Directly comparable to FVLCRUM on impact thesis, lower middle market check size, and operationally-driven value creation.
• Pharos Capital Group: Healthcare-focused lower middle market PE firm based in Dallas. Comparable to FVLCRUM's healthcare segment targeting control equity in healthcare services and technology-enabled businesses.
• RLJ Equity Partners: Minority-affiliated lower middle market PE firm founded by Robert L. Johnson. Directly comparable to FVLCRUM as a diverse-owned PE platform with similar mission-driven approach and target investment size.

Broad incumbents

• Clearlake Capital Group: Established technology and consumer-focused middle market PE firm. Broader PE incumbent operating in adjacent sectors and overlapping on business services investments.
• Carlyle Group: Global mega-cap PE firm with significant government services and healthcare coverage. Overlaps with FVLCRUM's sector focus at a much larger scale and serves as an indirect competitive dynamic for talent and deals.
• KKR: Global PE mega-cap with diversified sector exposure including government services and healthcare. Comparable as an established incumbent in the same sectors FVLCRUM targets at a smaller scale.
• Blackstone: Global alternative asset manager with private equity operations. Indirectly comparable as a broad incumbent competing for institutional LP capital in the same fundraising universe as FVLCRUM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fvlcrum

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fvlcrum Funds