CHARLOTTE, N.C.--()--Pamlico Capital (“Pamlico”), 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. PC VI was significantly oversubscribed, exceeding its initial $1.5 billion target based on strong demand from both 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.

“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,” said Art Roselle, Partner at Pamlico. “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.”

Fund VI saw strong support from a diverse group of limited partners, including leading endowments, foundations, insurance companies, family offices, pension plans, and other institutional investors. 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.

“We are especially pleased with the speed to close and successful outcome for PC VI in what remains a challenging fundraising environment,” said Stuart Christhilf, Partner and COO at Pamlico Capital. “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.”

UBS Securities LLC acted as placement agent for Pamlico. Ropes & Gray LLP provided legal counsel.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $200 million alongside founders and proven leaders in its target sectors: communications, healthcare IT, information services, software and tech-enabled services. The firm, based in Charlotte, NC, has assets under management of approximately $4.5 billion. For additional information, please visit www.pamlicocapital.com.