Pamlico Capital – a leading middle-market private equity firm – announced today the closing of Pamlico Capital VI (PC VI) at the fund’s hard cap of $1.75 billion. And PC VI was significantly oversubscribed, exceeding the initial $1.5 billion target based on strong demand from existing and new investors.
Pamlico generally seeks equity investments of $50 million to $200 million in growing companies. The firm is focused on growth equity and buyout opportunities in North America within the communications, healthcare IT, information services, software, and tech-enabled services sectors. Pamlico has invested over $4.0 billion in 80 investments since 2002.
Fund VI saw major support from a diverse group of limited partners, including leading endowments, foundations, insurance companies, family offices, pension plans, and other institutional investors. And the firm’s ability to exceed its fundraising goal underscores the continued enthusiasm for Pamlico’s focused strategy, as well as its differentiated approach to value creation. Including PC VI, the firm has raised over $6.5 billion in aggregate commitments from investors since 2002.
UBS Securities acted as placement agent for Pamlico. Ropes & Gray LLP provided legal counsel.
KEY QUOTES:
“We are incredibly grateful for the trust and confidence of our limited partners, both long-standing and new, who share our belief in the value of partnership, transparency and consistency. The success of PC VI is a testament to the strength of our strategy, the caliber of our portfolio company management teams, and our firm’s commitment to driving lasting value.”
- Art Roselle, Partner at Pamlico
“We are especially pleased with the speed to close and successful outcome for PC VI in what remains a challenging fundraising environment. We saw strong support from so many of our long-standing investors who continue to represent the large majority of our capital base, while also broadening our geographic reach and partnering with a number of new, highly respected investors.”
- Stuart Christhilf, Partner and COO at Pamlico Capital
