Plexus Capital raises $400M in its fourth fund

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Michael Painter

Michael Painter

Plexus Capital has closed on its $400 million fourth fund, bringing the total raised since the company’s inception in 2005 to $950 million. Raleigh-based Plexus invests in lower-middle market businesses with $10 million to $100 million in revenue. Investors now include 57 banks, 208 individuals and family offices, and eight institutional investors.

“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 Michael Painter, managing partner, in a news release.

Painter started Plexus 11 years ago with former Centura Capital colleagues Bob Anders, Mike Becker, Robert Gefaell and Kel Landis. Last year, he and Anders spoke with Business North Carolina about how the company weathered the recession, how its status as a Small Business Investment Company enables it to borrow additional funds from the SBA, and its future growth goals (“Big fish, small pond,” February 2015).

Across its four funds, Plexus has invested $562 million in 77 companies. The company has offices in Charlotte and Raleigh.

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