Pamlico Raises $910M

11/23/16

A private equity investment fund firm in Charlotte raised $910 million in equity, according to a Securities and Exchange Commission filing.

Pamlico Capital IV L.P. filed a Form D on Nov. 22. The company stated it has raised its total offering amount through 63 investors with a minimum investment accepted of $125,000.

Pamlico Capital, formerly Wachovia Capital Partners, was founded in 1988 and invests primarily in lower middle market growth companies in the business and technology services, communications and health care sectors in North America.

Since its founding, Pamlico has invested over $3.0 billion in over 100 companies.

Pamlico’s investment strategy centers on identifying companies in its three target industries where exceptional growth or consolidation opportunities exist and where it can take an active role helping management teams build value for shareholders.

Pamlico Capital IV raised its capital in four months, was oversubscribed and exceeded the original $750 million target. It will seek to invest $20 million to $100 million in companies with total enterprise values of between $50 million and $250 million.

Chief Executive Officer Frederick (Eric) W. Eubank II joined Pamlico Capital in 1989. His investing efforts are focused in the business and technology services and health care industries.

Before joining Pamlico, he was assistant vice president of the specialized industries group at First Union National Bank.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must first file what’s known as a Form D electronically with the SEC after they first sell their securities.

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