Pamlico Capital, a Charlotte, NC-based lower middle market private equity firm focused on growth oriented businesses, announced the first and final close of Pamlico Capital IV, at $910m.
PC IV was oversubscribed by a diverse group of new and existing global investors comprised of fund of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices.
Founded in 1988 and led by Partners Art Roselle and Eric Eubank, Pamlico pursues investment opportunities primarily in lower middle market growth companies in the Business and Technology Services, Communications and Healthcare sectors in North America. As with previous funds, PC IV will seek equity investments of $20m to $100m in companies with total enterprise values of between $50m and $250m.
Since its founding, the firm has invested over $3.0 billion in over 100 portfolio companies.