Carousel Capital is looking for more investments and acquisitions, having closed on a new fund totaling $210 million.

The fund, which is Carousel’s third, is its largest to date. It has raised more than $500 million.

Investors include pension funds, endowments, foundations, financial services firms and more than 60 chief executive officers.

"We are pleased to represent such a high quality group of investors as we seek investment opportunities for our third fund," said Brian Bailey, one of Carousel’s partners. "With our new fund, we will remain focused on partnering with management teams to acquire Southeastern-based companies and delivering industry-leading financial returns to our investors."

Carousel plans to acquire small, profitable firms across the southeast.

Launched in 1996, Carousel has made 24 investments.

In addition to Bailey, other partners include Charles Grigg, Bill Hobbs, Jason Schmidly and Nelson Schwab.