Palm Beach Capital collects over $350m for sixth fund

• Fund VI will target companies that have an EBITDA between $10 million and $30 million
• Snowbridge Securities LLC acted as placement agent for Fund VI and Greenberg Traurig, LLP served as legal counsel
  Founded in 2001, Palm Beach Capital invests in the middle market

Palm Beach Capital has raised over $350 million, surpassing its target of $275 million.

Fund VI’s limited partners include financial institutions, insurance companies, pension funds, foundations, endowments, consultants, funds of funds, and institutional family offices.

“We are excited and humbled by the overwhelming support of our existing long-time investors, and we are also thrilled to welcome several new institutional investors,” said Shaun McGruder, PBC co-founder and managing partner in a statement. “We’ve always viewed our deep relationships with our investors as true partnerships and a competitive advantage in the lower middle market. This was demonstrated by our ability to raise our largest fund since inception despite a very challenging broader fundraising market.”

Fund VI will target companies that have an EBITDA between $10 million and $30 million.

Snowbridge Securities LLC acted as placement agent for Fund VI and Greenberg Traurig, LLP served as legal counsel.

Founded in 2001, Palm Beach Capital invests in the middle market. The private equity firm is based in West Palm Beach, Florida.