Robinson Bradshaw Guides Pamlico Capital to $910 Million Fund Close

Pamlico Capital, a leading lower middle market private equity firm focused on growth-oriented businesses, recently closed its latest fund offering, with legal guidance from Charlotte-based Robinson Bradshaw. The fund, Pamlico Capital IV (PC IV), reached its hard cap of $910 million in total commitments in only four months.

Commitments to PC IV came from a diverse group of new and existing global investors comprised of leading fund of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices.

“We are very pleased and honored to have received such a high level of support from our current investors and are excited to partner with a few new investors in this fund and beyond,” said Pamlico Partner Art Roselle. “PC IV will build on our existing strategy of providing transformational capital to help accelerate the growth of businesses with untapped potential, often as a company’s first institutional investor. As we invest PC IV, we will leverage our industry expertise to pursue and capitalize on exciting investment opportunities in the lower middle market to drive value creation and improve operational performance."

“Our team used an innovative approach to the side letter process, providing investors a complete side letter compendium in advance of the initial closing to harmonize similar requests from different investors and reduce the overall number of side letter provisions,” said Rick Starling, co-chair of Robinson Bradshaw’s Fund Formation and Investment Management practice group. “We were pleased with the positive feedback we received on this approach from both Pamlico and a number of its investors.”

The Robinson Bradshaw team was led by Rick Starling, Haynes Lea and Henry Riffe. Laurin Ariail, Kader Crawford, Luke Foster and Herman Spence also worked on the transaction. With one of the most active fund formation and investment management practices in the Southeast, Robinson Bradshaw provides a full range of legal services to private investment funds, investment managers and institutional investors across the country.