Employee-owned private equity firm focused on financial services
Further Global Capital Management
- HeadquartersNew York, NY S2
- Founded2017 S2
- Websitefurtherglobal.com
- Last verifiedOctober 20, 2026
At a glance
| Check size | $75M to $200M S2 |
|---|---|
| Deal types | Platform, Add-on, Minority, Growth S2 |
| Sectors | Accounting & Professional Services, Wealth Management |
What Further Global Capital Management buys
Further Global Capital Management is a New York private equity firm, founded in 2017 and owned by its employees, that invests only in financial services and the business services tied to it. Its target areas are wealth and asset management, insurance, payments and financial technology, banks, capital markets, specialty finance and business services. Current holdings include accounting firm Armanino, finance and accounting advisory firm E78 Partners, risk and valuation advisor Kroll, reverse mortgage subservicer Celink and specialty insurer Coaction.
The firm aims to put $75 million to $200 million of equity into each deal and can go larger with co-investors. It usually takes control but is comfortable with a significant minority stake, as with its 2024 minority investment in Armanino. Its deal list covers growth capital, management buyouts, ownership transitions, divestitures, sponsor sales and new platform builds. Smaller firms are more likely to meet Further Global as add-ons: Armanino added Georgia accounting firm MSTiller in 2026, and E78 bought technology advisory firm Serviam the same year.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | ServiamTechnology advisory and vendor management firm added to E78 Partners; the deal closed in September 2026 | Add-on | Accounting & Professional Services | Source |
| Mar 2026 | MSTillerAccounting firm with about 110 people in Georgia and New York joined Armanino | Add-on | Accounting & Professional Services | Source |
| Jun 2025 | E78 Fund SolutionsE78 Partners agreed to carve out and sell its fund administration business to Ocorian | Exit | Accounting & Professional Services | Source |
| Oct 2024 | ArmaninoMinority investment in a top 20 US accounting firm, which split audit work into a separate CPA-owned entity | Minority | Accounting & Professional Services | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Armanino
- E78 Partners
- Kroll
- Celink
- LegalShield
- Phaidon International
Insurance
- Coaction Specialty Insurance
- The Fidelis Partnership
Specialty Finance
- USClaims
Wealth Management
- The Progeny Group
Past investments: Payment Alliance International, AA Ireland
Greymont’s take
How Further Global Capital Management fits a seller
Further Global fits owners of financial and professional services firms, especially accounting and advisory practices, that want capital without necessarily handing over control. Its 2024 deal with Armanino was a minority stake, and the accounting firm moved its audit work into a separate CPA-owned firm, a structure any CPA firm owner should expect to discuss with a private equity investor. For smaller practices, the likely path is joining Armanino or E78 Partners as an add-on.
Owners should ask how the firm's $75 million minimum fits their size, whether a sale to a portfolio company would be paid in cash or partly in equity, and how long Further Global plans to hold the platform. The firm has no news page on its website, so owners should also ask to speak with founders it has backed.
Questions owners ask
Does Further Global invest in accounting firms?
Yes. It took a minority stake in Armanino, a top 20 US accounting firm, in October 2024, and it also owns E78 Partners, which provides finance, accounting and technology services to private equity firms and their portfolio companies.
How much does Further Global invest in a deal?
It says it targets equity investments of $75 million to $200 million per deal and can do much larger transactions by bringing in co-investors.
Will Further Global take a minority stake?
Yes. It usually seeks control, but it says it is comfortable in minority positions when it has the right alignment and governance rights, as in its Armanino investment.
Sources
- S1Further Global Capital Management home page Accessed October 20, 2026
- S2Further Global Capital Management: About Accessed October 20, 2026
- S3Further Global Capital Management: Companies Accessed October 20, 2026
- S4E78 Partners Acquires Serviam (October 5, 2026) Accessed October 20, 2026
- S5E78 to Carve Out Fund Solutions Business to Ocorian (June 3, 2025) Accessed October 20, 2026
- S6CPA Practice Advisor: Armanino Secures Minority Investment From Further Global (October 21, 2024) Accessed October 20, 2026
- S7CPA Practice Advisor: Armanino Adds Georgia-Based Accounting Firm MSTiller (March 2, 2026) Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Further Global Capital Management. Figures are as reported on the dates shown and may have changed. Request a correction