Charlotte, NC-based private equity firm Pamlico Capital held the final close of its latest fund at $650m.
Pamlico Capital III, L.P., the firm’s first fund as a fully independent firm, which had an initial target of $500m, was (over)subscribed by existing outside institutional investors such as funds, corporate and foreign pension funds, endowments, foundations and family offices.
Leading investors include AlpInvest Partners, Constitution Capital Partners, GE Pension Trust, HarbourVest Partners, affiliates of Hartford Investment Management Company (HIMCO), HOOPP Capital Partners (the private equity arm of the Healthcare of Ontario Pension Plan), John Hancock Financial Services, SCM Strategic Capital Management, AG and TIAA-CREF.
Led by Managing Partners Scott Perper and Eric Eubank, Pamlico seeks to invest in control-oriented buyouts, primarily in lower middle market growth companies in the business and technology services, communications and healthcare sectors in North America.
As with previous funds, Pamlico Capital III will seek equity investments of $25m to $75m in companies with total enterprise values of between $50m and $250m.
FinSMEs
08/10/2013