Capitala Group, a provider of capital to lower and traditional middle-market companies, held an anchor closing on non-SBIC fund Capitala Private Credit Fund V, L.P.
The fund includes commitments by a globally renowned asset manager and an investment grade insurance company. The closing, combined with capital available from existing investment vehicles, gives Capitala Group over $300m, progressing towards the investable capital target of $500m.
Capitala Group will continue to focus on US middle market companies with $2 to $50 million in EBITDA, sourcing opportunities from its offices in Charlotte, Raleigh, Fort Lauderdale, Atlanta, Los Angeles, and Washington, DC.
Since 1998, Capitala Group’s managed funds have participated in over 125 transactions, representing over $1 billion of investments in a variety of industries throughout North America. Capitala Group manages both public capital (Capitala Finance Corp. (Nasdaq:CPTA)) and several private funds for institutional and individual investors.