Capitala Group, which provides financial solutions for lower middle-market companies, has closed its fourth private equity fund at $125 million. The limited partners for CapitalSouth SBIC Fund IV LP include public and private pensions, fund of funds and family offices. The pool will focus on making debt and equity investments in companies in various sectors with $8 million in revenue and a minimum of $2 million in EBITDA.
CHARLOTTE, N.C.–(BUSINESS WIRE)–Capitala Group, a leading provider of financial solutions for lower and traditional middle-market companies, is pleased to announce the final closing of its fourth private equity fund, CapitalSouth SBIC Fund IV, L.P. (the “CapitalSouth Growth Fund.”) The fund exceeded its initial target thanks to strong support from existing investors and new commitments from other leading institutional investors including public and private pensions, fund of funds and family offices.
“We are excited to announce the final close of the Growth Fund,” said Joe Alala, Chairman and CEO. “We appreciate the interest expressed in the Fund by many long-standing relationships, as well new investors.”
The CapitalSouth Growth Fund will focus on making debt and equity investments in a variety of industries with $8 million in revenue and a minimum of $2 million in EBITDA. The Growth Fund typically invests $2 million to $10 million and can complete larger transactions through syndication. Targeted industries include business services, healthcare, consumer and retail, building products, and manufacturing.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional middle-market companies, through its family of credit focused funds. Since 1998, Capitala Group’s managed funds have participated in over 100 transactions, representing approximately $700 million of investments in a variety of industries throughout North America. Capitala Group manages both public capital (Capitala Finance Corp (Nasdaq:CPTA)) and private capital (including but not limited to the CapitalSouth Growth Fund) for its investors and seeks to partner with strong management teams to create value and serve as long term partners. To learn more about Capitala Group, please visit www.CapitalaGroup.com
About CapitalSouth Growth Fund
CapitalSouth Growth Fund provides financial solutions to lower and traditional middle-market companies, making debt and equity investments typically between $2MM and $10MM. CapitalSouth Growth Fund invests in mature companies with a history of generating positive cash flow, strong margins, and an established and defensible market position. CapitalSouth Growth Fund invests in a variety of industries throughout the United States and seeks to partner with strong management teams to create value and serve as long term partners. To learn more about CapitalSouth Growth Fund, please visit www.CapitalSouthPartners.com