Further Global Capital Management
Further Global Capital Management is an employee-owned private equity firm founded in 2017 that invests in financial services businesses. The firm states that it targets equity investments of $75 to $200 million, can execute larger transactions through co-investment, and considers both control and significant minority positions.
What stands out about Further Global Capital Management
Further Global Capital Management focuses on financial services businesses and targets $75 to $200 million equity investments. Its stated transaction situations include growth capital, management-led buyouts, ownership transitions, divestitures, sponsor sales, distressed recapitalizations, platform build-outs or start-ups, and control or significant minority positions.[1][2][4]
What does Further Global Capital Management invest in?
Further Global Capital Management is an employee-owned private equity firm founded in 2017 that invests in businesses within the financial services industry. Its official website identifies the legal entity as Further Global Capital Management, L.P., together with its affiliates.
The firm states that it provides investment advisory services to privately offered Further Global funds and does not make those services available to the public or other advisory clients for purposes of investing in those funds.[1][2]
Further Global targets equity investments of $75 to $200 million and can execute significantly larger transactions through co-investment. It typically seeks control positions but is comfortable with minority positions when appropriate alignment and governance rights are present.
The firm identifies growth capital, management-led buyouts, ownership transitions, divestitures, sponsor sales, distressed recapitalizations, platform build-outs or start-ups, and control or significant minority positions as relevant transaction situations.[1]
Owners evaluating a financial buyer can compare the offer with independent valuation analysis, understand how acquirers approach transactions through Auxo’s buy-side M&A process guide, and consider whether a full or partial sale best fits their objectives.
Published criteria: Further Global targets equity investments of $75 to $200 million and can execute significantly larger transactions through co-investment. It typically seeks control positions but may pursue minority positions when appropriate alignment and governance rights are present.
What should a business owner evaluate before considering a transaction with Further Global Capital Management?
An owner evaluating Further Global should clarify which fund would make the investment, the proposed ownership percentage, governance rights, rollover equity, management incentive arrangements, leverage or earn-out expectations, and the applicable transaction costs and financing contingencies.
The firm’s stated equity range, control preference, minority flexibility, and financial-services focus provide parameters for that discussion. Owners should also confirm which operating resources would support the business and how the firm defines a successful ownership transition.[1]
Which current fund would make the investment, and what is its remaining deployment capacity
What ownership percentage and governance rights does Further Global typically seek for a transaction of this size
What rollover equity, management incentive, leverage, or earn-out expectations would apply
What companies does Further Global Capital Management target?
The stated criteria emphasize businesses within the financial services industry and transactions requiring $75 to $200 million of equity, with capacity for significantly larger transactions through co-investment. Further Global typically seeks control, while also considering minority positions where alignment and governance rights are appropriate.[1]
Further Global focuses on financial services businesses, including wealth and asset management, business services, insurance, payments and financial technology, depository institutions, capital markets, and specialty finance.[1]
Further Global’s official contact page lists its office at 445 Park Avenue, 14th Floor, New York, NY 10022. The sources cited for this profile do not establish a broader geographic investment mandate.[3]
Further Global identifies platform build-outs or start-ups among its relevant transaction situations.
The sources cited for this profile do not establish specific criteria distinguishing platform investments from add-on investments.[1]
The official companies page identifies Armanino as an active 2024 investment, The Fidelis Partnership as an active 2023 investment, and Phaidon International as an active 2022 investment. It also identifies Payment Alliance International as a 2019 realized investment and AA Ireland as a 2020 realized investment.[4]
Further Global’s official companies page identifies Armanino, The Fidelis Partnership, and Phaidon International as active investments from 2024, 2023, and 2022, respectively.
The official team page states that Payment Alliance International became a Further Global portfolio company in 2019 and was acquired by Brink’s in 2021, which the page describes as Further Global’s first exit.[4][5]
What is not clear from Further Global Capital Management's public investment criteria?
The official companies page states that its listed investments are generally representative and do not constitute a complete list; it directs readers to request a comprehensive list of historical investments from Further Global.
The official companies page does not publish transaction values, purchase prices, financing terms, or consideration terms for the listed investments.[4]
Questions to ask when evaluating Further Global Capital Management as a buyer or investment partner
Which current fund would make the investment, and what is its remaining deployment capacity?
What ownership percentage and governance rights does Further Global typically seek for a transaction of this size?
What rollover equity, management incentive, leverage, or earn-out expectations would apply?
How does the firm define a successful ownership transition, and what is its expected investment horizon for this transaction?
Which operating partners and portfolio-company resources would support growth?
What transaction costs, exclusivity requirements, financing contingencies, and indemnity terms would apply?
Sources & research notes
- Official website / firm overview
- Official website / firm overview
- Geography / market coverage
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- SEC filing / regulatory record
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
Broker-dealer and securities disclosure
Auxo Capital Advisors is an affiliate of Weild & Co., Member FINRA | SIPC. Securities-related activities and securities transactions are conducted through Weild & Co.
Nothing contained on this page constitutes an offer to sell, an offer to purchase, or a solicitation of an offer to buy or sell any security, investment product, or financial instrument. Nothing on this page constitutes investment advice, a recommendation regarding any security, or a recommendation to enter into any transaction with the profiled firm or any other party.
Any securities transaction, capital-raising engagement, investment-banking engagement, or other securities-related activity involving Auxo Capital Advisors or Weild & Co. is subject to applicable regulatory requirements, internal review and approval, suitability and other applicable diligence requirements, and the terms of a separate written engagement or transaction agreement, as applicable.
Inclusion of a third-party firm in this directory does not imply affiliation with, sponsorship by, endorsement by, or any other relationship with Auxo Capital Advisors or Weild & Co. unless expressly stated otherwise.