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Plexus Capital closes USD400m fund.

BANKING AND CREDIT NEWS-November 10, 2016-Plexus Capital closes USD400m fund

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Plexus Capital has announced the successful closing of Plexus Fund IV at its fully subscribed offering of USD400 million, the company said.

Consistent with its predecessor funds, Fund IV will focus on the same successful strategy of investing in profitable businesses with USD10 -- 100 million in revenue to support growth, recapitalizations and transitions of ownership.

With the closing of Fund IV, Plexus has raised more than USD950 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.

With offices in Charlotte and Raleigh, Plexus manages more than USD950 million across four funds and partners with small businesses across the United States.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 10, 2016
Words:159
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