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Alternative Assets  + Private Equity  | 
Sverica Capital Closes $750M Sixth PE Fund at Hard Cap

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.

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Sverica Capital Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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