Plexus Capital Raises Third Fund

Plexus Capital Raises Third Fund

Plexus Capital has completed raising $150 million in private capital for its third investment fund. Pending final Small Business Administration (SBA) approval, the private capital will be combined with leverage from the SBA in the same amount to create Plexus Fund III, with total available capital of $300 million. Plexus closed its first fund in 2005 and its second fund in 2009.

Plexus invests from $1 million to $20 million of subordinated debt and equity in companies that have revenues of at least $15 million and cash flows of at least $2 million. Sectors of interest include business services; consumer services; healthcare; manufacturing; value-add distribution and other general industry. Plexus Capital operates as a licensed SBIC with approximately $550 million under management across three funds. The firm was founded in 2005 has offices in Charlotte and Raleigh, NC (

In separate news, the Small Business Administration has named Plexus Capital as its U.S. Small Business Investment Company (SBIC) of the Year for 2013. The SBA criteria for the award included portfolio company revenue and employment growth, strong commitment to overall business growth, management of portfolio companies, and participation in the small business community.

“Being named the nation’s Small Business Investment Company of 2013 speaks to the value we are providing to our investors and small businesses across the country,” said Plexus Capital Managing Partner Bob Anders. “Plexus is distinguished by our focus on relationships, our determination to create access to growth capital for U.S. middle market businesses, and our proven ability to continue to earn the confidence of our investors. With investments in more than 50 businesses, and experience managing through all economic cycles, we have proven ourselves to be patient investors with the experience it takes to succeed.”

© 2013 PEPD • Private Equity’s Leading News Magazine • 5-6-13

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