Capitala Group, a leading provider of financial solutions for lower and traditional middle-market companies, is pleased to announce the final closing of its fourth private equity fund, CapitalSouth SBIC Fund IV.
The fund exceeded its initial target thanks to strong support from existing investors and new commitments from other leading institutional investors including public and private pensions, fund of funds and family offices.
“We are excited to announce the final close of the Growth Fund,” says Joe Alala, Chairman and CEO. “We appreciate the interest expressed in the Fund by many long-standing relationships, as well new investors.”
The CapitalSouth Growth Fund will focus on making debt and equity investments in a variety of industries with USD8 million in revenue and a minimum of USD2 million in EBITDA. The Growth Fund typically invests USD2 million to USD10 million and can complete larger transactions through syndication. Targeted industries include business services, healthcare, consumer and retail, building products, and manufacturing.
