Companies · Investment Vehicle

EXC Holdings LP

NEW YORK · Investment Vehicle · refined from filed group “Manufacturing

Diligence memoA one-page analyst read on EXC Holdings LP — recommendation, valuation, rhythm, risks.
$2.5B
Total raised · real
2
Rounds
2.5×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Fri Aug 12 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

EXC Holdings LP has raised $2.5B over 2 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

EXC Holdings LP behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.6 yr record
Peak capital year was 2022 with $1.8B across 1 filings.
Market position
ahead of 100% of Investment Vehicle peers
Capital scale is ahead of 100% of Investment Vehicle peers; modeled value is above 100% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $1.8B across 1 filings.
  • Largest single filing was $1.8B on 2022-08-12.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Investment Vehicle

EXC Holdings LP is one of 1793 Investment Vehicle companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
108
Investors (latest)
2017
Year incorporated
2022-08-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2017-12-01 Raised $718M (real) Modeled valuation $12.8B (est)$718M$12.8BGrowth/Late2017Growth/Late · 2022-08-12 Raised $1.8B (real) Modeled valuation $25.4B (est)$1.8B$25.4BGrowth/Late2022+$1.8BCumulative $2.5B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$718.0M · 2017
Growth/Late extension$1.8B · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$25.4B
Base estimate est.
$14.2B
Conservative case
$38.2B
Upside case
$18.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Growth/Late · modeled $12.8B · 2017-12-012017Growth/Late · modeled $25.4B · 2022-08-122022
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
56 mo
Avg between rounds
$539.9M/yr
Capital velocity
8.6 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 783× above median
This company$2.5B
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 3.4× above median
This company$1.8B
Sector median$535.5M
Modeled value — vs sector median (estimate, all stages) 1008× above median
This company$25.4B
Sector median$25.2M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$718.0M2017-12-01$7.2B$12.8B90%
Growth/Late$1.8B2022-08-12$18.2B$25.4B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$718.0M2017-12-01
    • First recorded raise — entered as Growth/Late.
    • 43 investors on this round.
  2. Growth/Late$1.8B2022-08-12
    • Raised 56 mo later.
    • Round 2.5× larger than the prior — scaling up.
    • 108 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~56mo cadence
$4.6B
Modeled next size est.range $3.0B$7.4B
2.5×
Last step-up
$539.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Barbara L. Burns55 other2017-12
Steven E. DeCillis, II44 other2017-12
Vinay Kumar3 other2017-12
Andreas Kramvis1 other2017-12
Brian Hoesterey1 other2017-12
David A. Nislick2017-12
Frank E. Guidone2022-08
G. Richard Wagoner, Jr.2022-08
Jacquelyn A. Wang2017-12
James E. Rao2017-12
Merilee E. Raines2022-08
Paul E. Igoe2022-08
Ralph E. Crosby2022-08
Registry & provenance

EXC Holdings LP is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1722896
SEC CIK
2017
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
GYP Holdings I Corp.OtherSeries D+$624.1M$23.3Mnetwork2 shared operators
24 Hour Holdings I Corp.OtherGrowth/Late$589.5M$80.1Mnetwork1 shared operator · same stage
CRB Topco LLCOtherSeries C$98.7M$995.4Mnetwork2 shared operators
ICM Holdco I Corp.ManufacturingSeries C$93.4M$1.0Bnetwork2 shared operators
ARI Holding CorpOtherSeries C$50.0M$85.6Mnetwork2 shared operators
CPG International Holdings LPManufacturingSeries C$44.9M$508.2Mnetwork2 shared operators
DPL Holding CorpBusiness ServicesSeries B$35.7M$25.4Mnetwork2 shared operators
Txl Holding CorpOtherSeries B$35.7M$5.6Mnetwork2 shared operators
Frequently asked
How much funding has EXC Holdings LP raised?
EXC Holdings LP has raised approximately $2.5B in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is EXC Holdings LP's estimated valuation?
Provath's modeled valuation for EXC Holdings LP is approximately $25.4B (modeled range $14.2B–$38.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is EXC Holdings LP at?
EXC Holdings LP's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Fri Aug 12.
What does EXC Holdings LP do and where is it based?
EXC Holdings LP operates in the Investment Vehicle sector, based in NEW YORK.
Explore related

See where EXC Holdings LP sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at EXC Holdings LP, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.