#USA #healthcare #Nashville #Petra Capital #Growth Fund V

Petra Capital Partners Successfully Raises $270 Million for Growth Fund V

Petra Capital Partners has made a significant stride in its investment journey by announcing the successful completion of fundraising for its latest venture, the Petra Growth Fund V (PGF V). With a remarkable $270 million secured, the fund is poised to channel investments primarily into sectors such as healthcare, technology-enabled services, and business services.

According to Mike Blackburn, Founding Managing Partner, the fundraising has attracted existing investors as well as new key investors, significantly exceeding initial expectations. This success was complemented by the support from the Small Business Investment Company (SBIC) program, highlighting strong confidence in the strategical direction of Petra and its commitment to enhancing growth within its target sectors.

Investment Focus

The new fund will carry forward the investment philosophy that has been a cornerstone of Petra's previous funds. PGF V specifically aims to bolster high-growth companies particularly in the healthcare and pharmaceutical services domains. The firm is legally structured as a small business investment company, which allows them to provide unique financing options tailored for smaller enterprises, enhancing their growth potential.

Doug Owen, Managing Partner, remarked on the excitement surrounding the deployment of the new fund. The capacity for increased investment per deal allows Petra to support its portfolio companies more extensively throughout their development cycles, effectively balancing both equity and flexible debt solutions.

First Investment

Already, Petra has initiated its investment strategy with its first platform investment in a prominent primary market research and analytics firm. This firm holds significant sway in providing services to pharmaceutical, healthcare, and consumer industries, marking an exciting opportunity for the new fund. David Fitzgerald, another Managing Partner, emphasized that this investment aligns perfectly with Petra's core investment strategy thereby reinforcing their commitment to the healthcare sector.

Team Expansion and Promotions

In addition to the fundraising success, Petra has also announced a key internal promotion. Matt Sotelo has been elevated to Partner, a testament to his exemplary contributions and dedication over his twelve-year tenure with the firm. This move indicates Petra's commitment to recognizing talent from within, further strengthening their team as they look to expand their investment capabilities.

Petra Capital Partners is actively seeking to grow its team and is currently on the lookout for qualified Associates, aiming to enhance its operational capacity in line with the growth objectives outlined in PGF V.

About Petra Capital Partners

Founded with the vision to provide growth equity investments, Petra Capital Partners specializes in identifying and nurturing companies that are positioned for expansion. Over the past 25 years, the firm has successfully deployed capital exceeding $900 million into over 100 high-growth companies. With a steadfast investment approach, Petra aims to consider investments of up to $25 million per business while maintaining a vigilant focus on sectors ripe for transformational growth.

This monumental fundraising signifies not only the trust placed in Petra's expertise but also their unwavering commitment to supporting businesses in their journey toward accelerated growth in today's complex economic landscape. As PGF V begins its investment endeavors, it will undoubtedly play a crucial role in shaping the future of various sectors it aims to penetrate.