Plexus Capital Raises $150M to Create $300M SBIC Fund
Plexus Capital, a Charlotte and Raleigh, North Carolina-based private capital firm, raised $150m from existing limited partners.
This private capital will be combined with leverage from the SBA in the same amount to create Plexus Fund III, with total available investment capital of $300m.
The firm, which has also been named the U.S. Small Business Investment Company (SBIC) of the Year for 2013, specializes in providing growth capital (subordinated debt and equity capital) to lower middle market businesses in a broad range of industries across the United States.
Led by Managing Partner Bob Anders, Plexus Capital has $550 million under management.