– Plexus Capital, LLC, founded in 2005, announced the final closings of Plexus Fund VII and Plexus Equity Fund II ahead of schedule and above targets.
– Combined, the two new funds total over $1.3 billion in capital.
– The funds continue Plexus’ 20-year focus on partnering with profitable lower middle market U.S. businesses.
– Plexus Fund VII raised $977 million (including fund-level leverage), surpassing its $750 million target.
– The fundraising for Fund VII was completed in just five months.
– Fund VII follows Plexus’ structured capital strategy, investing debt with equity ownership in companies generating $10–$100 million in revenue and $2–$12 million in EBITDA.
– It will partner with independent sponsors, search funds, private equity groups, and management teams to support small business growth.
– Plexus Equity Fund II was oversubscribed, reaching its $345 million hard cap versus a $250 million target.
– The fundraising lasted three months from first to final closing.
– This is the second fund in Plexus’ control buyout strategy, launched in 2021.
– The strategy takes a thesis-based approach to sourcing, acquiring, and building value in business and essential services companies.
Equity Fund II plans to deploy $15–$40 million of equity per investment.
– Partner Alex Bean emphasized Plexus’ 20-year culture of transparency, accountability, and commitment. He credited strong investor relationships and a disciplined investment approach for the success.
– The firm received overwhelming support from existing investors and welcomed several new institutional investors in both funds.
– Combined, the two new funds total over $1.3 billion in capital.
– The funds continue Plexus’ 20-year focus on partnering with profitable lower middle market U.S. businesses.
– Plexus Fund VII raised $977 million (including fund-level leverage), surpassing its $750 million target.
– The fundraising for Fund VII was completed in just five months.
– Fund VII follows Plexus’ structured capital strategy, investing debt with equity ownership in companies generating $10–$100 million in revenue and $2–$12 million in EBITDA.
– It will partner with independent sponsors, search funds, private equity groups, and management teams to support small business growth.
– Plexus Equity Fund II was oversubscribed, reaching its $345 million hard cap versus a $250 million target.
– The fundraising lasted three months from first to final closing.
– This is the second fund in Plexus’ control buyout strategy, launched in 2021.
– The strategy takes a thesis-based approach to sourcing, acquiring, and building value in business and essential services companies.
Equity Fund II plans to deploy $15–$40 million of equity per investment.
– Partner Alex Bean emphasized Plexus’ 20-year culture of transparency, accountability, and commitment. He credited strong investor relationships and a disciplined investment approach for the success.
– The firm received overwhelming support from existing investors and welcomed several new institutional investors in both funds.