Capitala, a private markets investment firm for US small businesses, has reported its latest fundraise was oversubscribed with over $1bn (£777m) in commitments.
This includes leverage, and separately managed accounts.
Capitala added 42 new bank partners to its platform during this fundraise, in addition to many blue-chip institutional global investors, it said.
“Reaching $1bn in commitments is a major achievement for our firm, which reflects the strength of our platform and the trust placed in us by our investors,” said Joe Alala III, founder and chief executive of Capitala Group.
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Capitala invests both debt and equity capital into small businesses located throughout the US.
The firm’s strategy supports family-owned, entrepreneur-owned, and independent sponsor-owned companies seeking non-control growth capital for their businesses.
Capitala currently has over $300m of equity-focused commitments available to co-invest alongside its debt capital.
“With 79 banking partners fuelling our proprietary origination platform, we believe we have a competitive edge in identifying and sourcing high-quality investment opportunities,” said Alala.
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Capitala operates under a flexible capital mandate, providing capital solutions to lower middle-market companies through unitranche first-lien loans and equity co-investments.
“These businesses often face challenges accessing flexible capital, and Capitala’s unique approach bridges that gap by providing tailored financial solutions,” the company said.
“By partnering with businesses across diverse industries, Capitala continues to play a pivotal role in driving economic growth and creating value for its investors.”
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