Pamlico closes Fund V on its $1.4bn hard cap

Pamlico Capital V will make equity investments of $25mn to $125mn in companies with enterprise values of between $50mn and $350mn.

Pamlico Capital closed its fifth fund at the hard cap of $1.4 billion, beating its $1.25 billion target. Pamlico Capital V will make equity investments of $25 million to $125 million in companies with enterprise values of between $50 million and $350 million. UBS worked as placement agent on the fundraising.

Press Release

Pamlico Capital (“Pamlico”), a leading, lower middle market private equity firm focused on growth-oriented businesses, today announced the first and final close of Pamlico Capital V (“PC V”) at the fund’s hard cap with total commitments of $1.4 billion. PC V was well oversubscribed with demand from existing and new investors significantly exceeding the original $1.25 billion target.

Commitments to PC V came from a diverse group of global investors comprised of leading funds of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices. Pamlico is proud to have partnered with such a distinguished group of limited partners and to have raised over $4.3 billion in aggregate commitments since 2002.

“We are honored to have raised PC V so quickly and with such strong demand, including participation from nearly all PC IV investors and from a number of new investors,” said Pamlico Partner Art Roselle. “PC V will continue our history of partnering with talented managers, often as a company’s first institutional investor, to accelerate growth and ultimately build industry-leading businesses. We remain focused on pursuing the strategies that have made us successful over time, which include a commitment to the lower middle market and our three core industry verticals, along with continuous investment in value creation capabilities that support our portfolio company managers.”

As with Pamlico’s previous funds, PC V will seek equity investments of $25 million to $125 million in growing companies with total enterprise values of between $50 million and $350 million. Pamlico remains focused on equity and buyout opportunities within the business and technology services, communications and healthcare sectors in North America. The firm’s investment strategy leverages the team’s deep industry expertise and proven value creation strategies to identify attractive sub-sectors within its target industries and specific opportunities where Pamlico can take an active role in helping management teams build value for shareholders.

“We are grateful not only for the success of PC V, but also for the confidence investors have placed in us over the years,” added Pamlico Partner Eric Eubank. “We’ve maintained our focus and delivered consistently strong returns across numerous cycles since 1988, and through PC V, will look to capitalize on what we continue to believe are attractive opportunities to partner with talented managers and build great companies going forward.”

UBS Securities LLC acted as placement agent for Pamlico. Robinson, Bradshaw & Hinson, P.A. provided legal counsel.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that primarily invests in growing middle market companies in North America. Pamlico Capital seeks growth equity and buyout investments of up to $125 million alongside proven management teams in its target industries: business and technology services, communications, and healthcare. Since 2002, Pamlico has invested over $2.7 billion in over 60 portfolio companies. For additional information, please visit www.pamlicocapital.com.