RALEIGH, N.C.--(BUSINESS WIRE)--Plexus Capital (“Plexus”), a leading provider of capital to small businesses in the United States, today announced the successful closing of Plexus Fund IV (“Fund IV”) at its fully subscribed offering of $400 million. Consistent with its predecessor funds, Fund IV will focus on the same successful strategy of investing in profitable businesses with $10 – 100 million in revenue to support growth, recapitalizations and transitions of ownership.
With the closing of Fund IV, Plexus has raised more than $950 million since inception in 2005, including capital accessed through SBA’s Small Business Investment Company program. In addition to SBA capital and significant investments from the Plexus team, investors include 57 banks, 208 individuals and family offices and eight institutions.
“The strong support from our existing and new investors is a reflection of the quality of our team, our differentiated strategy and consistent track record through volatile economic cycles,” said Plexus Managing Partner Michael Painter. “We look forward to leveraging our now more than two decades of experience as a team to continue supporting the growth of lower-middle market companies across the United States.”
Named 2013 U.S. Small Business Investment Company of the year, Plexus has invested $562 million in 77 companies across its four funds. Plexus Fund I, an $80 million 2005 vintage fund, returned 10.5% net annualized returns to investors. Plexus Fund II, a $175 million 2009 vintage fund, has returned 19.6% net annualized returns to investors to-date. Plexus Fund III, a $300 million 2013 vintage fund, is now 96% deployed in 28 companies.
About Plexus Capital
With offices in Charlotte and Raleigh, Plexus manages more than $950 million across four funds and partners with small businesses across the United States. For more information, see www.plexuscap.com.