A North Carolina private equity investment firm has raised more than $100 million, according to filings with the Securities and Exchange Commission.
Charlotte-based Pamlico Capital filed four Form D private placement registrations on Aug. 11.
Pamlico Capital currently has 16 investment professionals managing $2 billion of assets on behalf of institutional investors, including pension funds, insurance companies and endowments.
Pamlico Capital is the former Wachovia Capital Partners. It invests in leveraged buyouts in the business services, technology services, telecommunications and health care industries.
Pamlico partner Frederick W. Eubank II signed the forms. Eubank joined Pamlico Capital in 1989. He sits on the board of directors of MetaMetrics, a Durham, North Carolina company that created a scientific resource for accurately matching readers with text.
Eubank also sits on the board of Physicians Endoscopy, which owns and operates 40 centers nationwide, and he serves on the board of trustees at Wake Forest University.
The company claimed a Rule 506 (b) exemption. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
