Pamlico Capital Taps UBS as it Launches Sixth Flagship Fund

Charlotte, NC-based buyout and growth equity firm Pamlico Capital is seeking the assistance of UBS Securities for the marketing of its sixth flagship fund after its predecessor 2020 vintage fund raised $1.4B.

In a December 16 filing with the SEC, the firm did not indicate a target size for the new fund. It said it has not yet made its first sale for Pamlico Capital VI but does not expect fundraising to last more than a year. 

The lower middle market-focused private equity firm's fifth fund raised $1.4B in its first and final close in February 2020. With a target of $1.25B, Pamlico Capital V was oversubscribed with support from global investors including funds of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices.

In line with Pamlico Capital's strategy, its fifth fund invested in growing companies in North America with enterprise value in the $50M to $350M range involved in the business and technology services, communications, and healthcare sectors.