Pamlico Capital held a first and final close on its fourth fund at the $910 million hard-cap. Capital will be invested into lower mid-market growth companies, with equity investments in the range of $20 million to $100 million in North American business, technology, healthcare and communications firms.
A diverse group of investors – including funds of funds, endowments, foundations, insurance companies, corporates, pension funds and family offices – led the fund to fly past its $750 million target during the four month fundraise.
Pamlico Capital III, the fund's predecessor, held a final close in October 2013 at $650 million, also surpassing its $500 million target.
UBS Securities LLC acted as sole placement agent, with Robinson, Bradshaw & Hinson, P.A. offering legal advice.