Pamlico Capital Reaches $1.75 Billion for Sixth Fund
Funding | Mar 10, 2025 | Pamlico Capital
Pamlico Capital, a prominent middle-market private equity firm, has successfully closed its sixth fund (Pamlico Capital VI) at the hard cap of $1.75 billion, surpassing the original target of $1.5 billion due to robust demand from both new and existing investors. This fund closure underscores the strong market confidence in Pamlico's strategic focus and its approach towards growth equity and buyout opportunities in sectors such as communications, healthcare IT, information services, software, and tech-enabled services across North America. Since 2002, Pamlico has invested over $4 billion across 80 investments and has accumulated $6.5 billion in aggregate commitments with PC VI. The rapid and successful fundraising reflects the continued enthusiasm from a diverse group of limited partners, including endowments, foundations, insurance companies, and pension plans among others, demonstrating a broadening geographical reach and trust in Pamlico’s expertise. UBS Securities LLC and Ropes & Gray LLP played crucial roles as placement agent and legal counsel, respectively, in this fundraising exercise.
Sectors
- Private Equity
- Technology and Services
- Financial Services
Geography
- North America – Pamlico Capital focuses on investment opportunities in North America, as highlighted in the article.
Industry
- Private Equity – The article discusses Pamlico Capital's successful fundraising efforts, which is a core activity within the private equity industry.
- Technology and Services – Pamlico Capital focuses on growth equity and buyout opportunities in sectors like communications, healthcare IT, information services, and tech-enabled services, placing the firm strongly within the technology and services industry.
- Financial Services – The involvement of UBS Securities LLC and Ropes & Gray LLP as financial and legal advisors highlights the role of financial services in the fundraising process.
Financials
- 1.75 Billion – The fund size raised by Pamlico Capital for its sixth fund, Pamlico Capital VI.
- 1.5 Billion – The initial fundraising target for Pamlico Capital VI before exceeding to $1.75 billion.
- 4 Billion – Total investments made by Pamlico Capital across 80 companies since 2002.
- 6.5 Billion – The aggregate commitments raised by Pamlico Capital since 2002, including Pamlico Capital VI.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pamlico Capital | PE Firm | Company | A middle-market private equity firm focused on growth equity and buyouts within North America. |
| Art Roselle | Partner | Person | Partner at Pamlico Capital expressing gratitude towards investors. |
| Stuart Christhilf | Partner and COO | Person | Partner and COO at Pamlico Capital, highlighting investor support. |
| UBS Securities LLC | Placement Agent | Company | Acted as the placement agent for Pamlico Capital VI fundraising. |
| Ropes & Gray LLP | Legal Counsel | Company | Provided legal advice for the Pamlico Capital VI fundraising. |