Silversmith Capital Partners Closes $1.7 Billion Fifth Fund

Oversubscribed fund brings total capital raised to over $5 billion, capping a decade of founder-first investing in technology and healthcare

Sri Rao named managing partner in recognition of longstanding leadership

Silversmith Capital Partners (“Silversmith”), a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, today announced the first and final close of Silversmith Capital Partners Fund V (“Fund V”). Fund V closed with $1.7 billion in total commitments, including $1.6 billion from limited partners and $110 million from the Silversmith team. The close marks a significant milestone: Silversmith’s fifth fund in 10 years, bringing total capital commitments to over $5 billion and marking a decade of disciplined execution and a founder-first investment strategy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250731599968/en/

Silversmith's Marc Munfa, Todd MacLean, Jeff Crisan, Lori Whelan, Brian Peterson, Jim Quagliaroli and Sri Rao

Launched in May 2025, Fund V was oversubscribed and closed at its target and hard cap in three months – continuing the firm’s track record of raising funds quickly and with strong conviction from its existing investor base.

“Since day one, we’ve stayed focused on what we do best – backing exceptional founders solving real problems,” said Todd MacLean, Managing Partner of Silversmith. “That commitment has guided every fund we’ve raised and every partnership we’ve built.”

“Fund V includes participation from many of our long-time limited partners as well as more than 50 senior executives,” continued MacLean. “To us, that kind of trust and reinvestment is the most meaningful affirmation of how we work.”

As part of this next chapter, Sri Rao is being named managing partner, joining the firm’s founding managing partners Jeff Crisan, Todd MacLean, Jim Quagliaroli, and Lori Whelan. Since joining in 2015, Sri has played a central role in Silversmith’s growth – helping shape the firm’s strategy, team, and culture.

“Sri embodies what we’re trying to do at Silversmith,” said Jim Quagliaroli, Managing Partner of Silversmith. “He leads with humility, puts founders first, and brings deep domain expertise. Ask any founder he’s worked with, and they’ll tell you the same: he just gets it – he builds trust, meets founders where they are, and is a steady partner.”

Over 70% of Silversmith’s capital is deployed as the first institutional investor – partnering with bootstrapped entrepreneurs and supporting them through multiple stages of growth. Consistent with prior funds, Fund V will make minority and majority investments in growth-stage technology and healthcare companies.

Kirkland & Ellis provided fund formation counsel.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with over $5 billion in capital under management. Silversmith seeks to partner with founders and entrepreneurs building enduring technology and healthcare businesses. The firm brings deep domain expertise, strategic perspective, and a long-term partnership approach to help management teams accelerate growth. The firm has served as the first institutional partner to some of the most dynamic and successful companies in its core verticals, including Appfire, Apryse, DistroKid, Iodine Software, and LifeStance Health. For more information, visit www.silversmith.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250731599968/en/

“Since day one, we’ve stayed focused on what we do best – backing exceptional founders solving real problems. That commitment has guided every fund we’ve raised and every partnership we’ve built.” - Todd MacLean