Capitala Group, an investor in lower and middle-market companies, has held a final close of its fourth private equity fund, CapitalSouth SBIC Fund IV, LP, (Fund 4) with $125 million of capital commitments. The fund exceeded its initial target and was supported by existing investors and new commitments from other institutional investors including public and private pensions, fund of funds and family offices.
“We are excited to announce the final close of Fund 4,” said Joseph Alala, Chairman and CEO. “We appreciate the interest expressed in the fund by our many long-standing relationships, as well as new investors.”
Capitala Group was founded in 1998 and has invested in more than 100 transactions aggregating to approximately $700 million of capital invested. Capitala Group manages its investments through publicly traded Capitala Finance Corp (NASDAQ:CPTA) and through private capital funds like Fund 4.
Fund 4 will make debt and equity investments of $2 million to $10 million in companies with $8 million in revenue and a minimum of $2 million in EBITDA. Sectors of interest include business services, healthcare, consumer and retail, building products, and manufacturing. Capitala’s investments are typically made to support sponsor-led buyouts, management buyouts, recapitalizations, and growth financings.
Capitala Group is headquartered in Charlotte, NC and has additional offices in Louisville; Atlanta; Ft. Lauderdale; Washington, DC; Los Angeles; and Raleigh, NC (www.CapitalaGroup.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-26-15
