While the market remained challenging in 2024, Frontenac’s proactive approach helped create unique opportunities for investment. The firm completed three platform investments, 25 add-on acquisitions and finalized one strategic exit throughout 2024 to date. The firm capped off the year with the closing of Frontenac XIII, marketing a major milestone and exciting new chapter.
On January [xx], 2025, Frontenac announced the closing of its 13th fund, Frontenac XIII Private Capital L.P. (“Frontenac XIII”). The fund was significantly oversubscribed and closed at $900 million of committed capital, well above its initial $700 million target. The more recent predecessor funds, Frontenac XII (2022 vintage), XI (2018), and X (2014) totaled commitments of $520 million, $325 million, and $250 million, respectively.
It is incredibly meaningful to see our firm’s investing approach, team and hard work resonate in the market. We are grateful for the enduring support from our existing investors and the confidence they have demonstrated in our team and in our strategy. We are also pleased to welcome a diverse group of high-quality new LPs that serve to deepen our investor base, especially amid challenges in the broader fundraising environment.
Promotions of two valued Frontenac team members. Jacob Anderson joined Frontenac as an Associate in 2020 and has been promoted to Vice President. Jake focuses on the services sector and supported the recent platform acquisition of Ideal Integrations and the exit of Integris. Separately, Ryan Panczak, who joined Frontenac in 2022 as an Associate, has been promoted to Senior Associate. Ryan focuses on the industrials sector and supported the recent platform acquisition of CROM.
Frontenac is pleased to announce the promotions of two valued Frontenac team members. Jacob Anderson joined Frontenac as an Associate in 2020 and has been promoted to Vice President. Jake focuses on the services sector and supported the recent platform acquisition of Ideal Integrations and the exit of Integris. Separately, Ryan Panczak, who joined Frontenac in 2022 as an Associate, has been promoted to Senior Associate. Ryan focuses on the industrials sector and supported the recent platform acquisition of CROM.
Frontenac is pleased to announce the promotions of two valued Frontenac team members. Jacob Anderson joined Frontenac as an Associate in 2020 and has been promoted to Vice President. Jake focuses on the services sector and supported the recent platform acquisition of Ideal Integrations and the exit of Integris. Separately, Ryan Panczak, who joined Frontenac in 2022 as an Associate, has been promoted to Senior Associate. Ryan focuses on the industrials sector and supported the recent platform acquisition of CROM.
Frontenac is pleased to announce the promotions of two valued Frontenac team members. Jacob Anderson joined Frontenac as an Associate in 2020 and has been promoted to Vice President. Jake focuses on the services sector and supported the recent platform acquisition of Ideal Integrations and the exit of Integris. Separately, Ryan Panczak, who joined Frontenac in 2022 as an Associate, has been promoted to Senior Associate. Ryan focuses on the industrials sector and supported the recent platform acquisition of CROM.
Frontenac is part of a coalition of 80 prominent foundations, corporations, labor advocates, investors and pension fund leaders that have partnered with Ownership Works™, a non-profit organization that aims to increase prosperity through shared ownership. We have observed that broad-based employee ownership has revitalized corporate cultures and provided significant wealth-building opportunities for employees. By promoting a culture of shared ownership, accountability and purpose, companies can achieve new levels of success, which in turn can generate significant wealth-building opportunities for workers.
Frontenac is proud to have deployed Ownership Works across two new portfolio companies in 2024:
