Petra Capital Partners Closes PE Fund at $230M

Petra Capital Partners, a Nashville, Tennessee-based private equity firm, closed on its latest fund at $230m.

Petra Growth Fund III is structured as a small business investment company (SBIC) licensed by the U.S. Small Business Administration.

Led by partners David Fitzgerald, Rob Smith and Mike Blackburn and newly appointed associates Matt Sotelo and Charles Webb, Petra Capital Partners provides subordinated debt and preferred stock to high growth business, healthcare and information technology services companies for expansion, acquisition, buyout, refinancing or recapitalization in partnership with the founding management team.
The firm invests up to $20m in growth companies with a minimum of $10m in revenue and positive EBITDA at the time of investment.
The fund recently closed on its first investment in Denver-based Highstreet IT Solutions, LLC.



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