
Sverica Capital Closes $750M Sixth PE Fund at Hard Cap
Sverica Capital Management, a growth-oriented middle market private equity firm, closed its sixth private equity fund – Sverica Capital Partners VI. The fund exceeded its target, was oversubscribed and closed at its hard cap of $750 million; a massive increase from the $450 million raise for its fifth fund in 2019.
The new fund will target businesses with enterprise values of up to $250 million and continue its strategy of focusing on the technology, business services, healthcare and advanced industrial sectors.
“We have built a great team here at Sverica and are excited to continue following the investment and portfolio management strategies that have been proven through successive funds,” said Dave Finley, Managing Partner at Sverica.
Led by Jordan Richards, Frank Young, and Finley, Boston- and San Francisco-based Sverica has raised nearly $2 billion across six funds and invested in 44 portfolio companies since inception.
