Pamlico Capital Closes $1.75 Billion Fund with Ropes & Gray's Assistance
Funding | Mar 10, 2025 | Ropes & Gray
Ropes & Gray has successfully advised Pamlico Capital on the final closing of their latest fund, Pamlico Capital VI (PC VI), at its hard cap of $1.75 billion. The fund target was initially set at $1.5 billion, however, due to high demand from both existing and new investors, the fund reached a total of $1.75 billion. Pamlico Capital is known for focusing on growth equity and buyout opportunities, particularly in North America's communications, healthcare IT, information services, software, and tech-enabled services sectors. The Ropes & Gray team, comprising asset management partners Rachel OBrien and Deb Lussier, tax partner Scott Pinarchick, and asset management associate Stanford Law, played a vital role in successfully closing the fund. The successful closure was announced to the public in a press release issued on March 10, 2025.
Sectors
- Private Equity
- Legal Services
- Communications and Technology
Geography
- North America – Pamlico Capital focuses on investment opportunities within North America, emphasizing its relevance to the region's market.
Industry
- Private Equity – Pamlico Capital, a private equity firm, closed its $1.75 billion fund, which is significant within the private equity sector.
- Legal Services – Ropes & Gray, a law firm, played an advisory role in the fund's closure, illustrating the importance of legal services in financial transactions.
- Communications and Technology – Pamlico Capital focuses on sectors such as communications, healthcare IT, and software, which are subsets of the broader communications and technology industry.
Financials
- $1.75 Billion – The total amount raised by Pamlico Capital VI at its closing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pamlico Capital | Fund Manager | Company | A leading lower middle-market private equity firm focused on growth equity and buyouts in North America. |
| Ropes & Gray | Legal Advisor | Company | A legal firm providing advisory services to Pamlico Capital in closing their latest fund. |
| Rachel OBrien | Asset Management Partner | Person | Partner involved from Ropes & Gray in advising Pamlico Capital. |
| Deb Lussier | Asset Management Partner | Person | Partner at Ropes & Gray contributing to the advisory services. |
| Scott Pinarchick | Tax Partner | Person | Ropes & Gray's tax partner involved in the fund closure process. |
| Stanford Law | Asset Management Associate | Person | Associate from Ropes & Gray assisting in the advisory role. |