FOF/PE/VC  Kenan-Flagler Private Equity Fund

     Office Locations:

Campus Box 3440, The Kenan Center
Chapel Hill, NC 25799-3440
Phone: 919-843-5482
Fax: 919-843-9178



  • Early
  • Middle Market



  • Business Services
  • Information Technology
  • Life Sciences & Healthcare



    The Kenan-Flagler Private Equity Fund is a student-run fund with more than $4.4 million of committed capital under management. The fund launched in 2007 and is the first and only student-run fund associated with a leading U.S. business school that seeks to provide real returns to its limited partners. The management team is comprised of 7 Kenan-Flagler students: 4 second-year MBAs and 3 senior BSBAs. All students serve a 3 semester term with the program. The Fund seeks to invest in a mix of buyout, mezzanine debt, growth capital and venture capital deals, all sourced through the fund's LPs and the network of UNC Kenan-Flagler alums that are active private equity professionals. In addition to its own portfolio of companies, KFBSF Private Equity Fund I, L.P. has made a strategic investment in Halifax Fund II. The Halifax Group is a leading private equity fund which invests in lower middle-market businesses across a variety of industries including healthcare, infrastructure, and business services. The Fund typically invests $50,000 to $200,000 in syndication with leading investment funds, with no investment exceeding 20% of committed capital. The KFBS PE Fund has made investments in 26 portfolio companies, exited 5, and received 5 dividend recapitalizations.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Aimee Xu Associate
    Briton Burge Managing Director
    Christopher Huber Managing Director
    Daniel Rue Associate
    David Russell Associate


    Portfolio companies include:

      Animal Supply
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      APEX Analytix
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      Apollo Investment
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      Autocrat Premium Coffee
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      Carolina Beer & Beverage
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      Clearside Biomedical
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      Delegate Advisors
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      Hampton Roads Center for Clinical Research
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      Jacob Ash
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      National Clinical Research
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      North American Video
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      Nutrition Physiology
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      PJ United
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      Revolution Dancewear
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      Service Champ
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