Foley & Lardner LLP served as legal advisor to Five Elms Capital, a software-focused growth equity firm, in connection with the October 2024 closing of Five Elms VI with $1.1 billion in total commitments.
The oversubscribed fund is Five Elms’ largest to date, drawing strong participation from both existing and new limited partners and meaningfully expanding Five Elms’ global investor base. With the close of Fund VI, Five Elms has increased assets under management to over $3 billion and is empowered to continue acting as a trusted partner for fast-growing, founder-led software companies.
The Foley team was led by Fund Formation & Investment Management (FFIM) partner Stephen Meli and senior counsel Chris Ullman, tax partner David Makso, and finance of counsel Matthew An with support from FFIM associates Nolan Binney and Lauren Douglas and paralegal Cecilia Hanlin.
