Pamlico Capital closed its latest fund, Pamlico Capital VI (PC VI), at its $1.75bn hard cap, surpassing its initial $1.5bn fundraising target. 

The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firm’s focused investment strategy.

Pamlico targets equity investments between $50m and $200m in high-growth companies across North America. The firm specialises in growth equity and buyouts within communications, healthcare IT, information services, software, and tech-enabled services. Since 2002, it has deployed over $4bn across 80 investments.

PC VI secured commitments from a diverse group of limited partners, including endowments, foundations, insurance firms, family offices, and pension funds. The success of the fundraise reflects continued investor confidence in Pamlico’s disciplined approach to value creation. With this latest vehicle, the firm has now raised over $6.5bn in total commitments since inception.

“We are especially pleased with the speed to close and successful outcome for PC VI in what remains a challenging fundraising environment,” said Stuart Christhilf, Partner and COO at Pamlico Capital. “We saw strong support from so many of our long-standing investors who continue to represent the large majority of our capital base, while also broadening our geographic reach and partnering with a number of new, highly respected investors.”

UBS Securities LLC acted as the placement agent, while Ropes & Gray LLP provided legal counsel for the fund.