Sverica Capital Management, LLC, a Boston, MA- and San Francisco, CA-based growth-oriented lower middle market private equity firm, closed its fourth private equity fund, at $275m.
Sverica Capital Partners Fund IV will invest in lower end of the middle market business and IT services, healthcare services and high value industrial companies that have the potential to be category leaders in their respective industries with enterprise values up to $100m.
The firm is less interested in the company’s size than in its reputation with its customers, employees and suppliers, as well as its potential for growth and development. It will then help the entrepreneur identify areas to reinvest back into the business, increase talent, and build systems, processes and infrastructure to support a much larger organization.
Led by Dave Finley, Managing Director, Sverica raised over $700m of investment capital across four funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries.
The firm has already made its first investment via Fund IV in Synoptek, an outsourced IT managed services provider.