Plexus Capital Named SBIC of the Year
Plexus Capital, which specializes in providing growth capital to lower middle-market businesses across the nation, has been named the U.S. Small Business Investment Company (SBIC) of the Year for 2013. Small Business Administration (SBA) administrator Karen Mills cited “Plexus Capital’s hard work, innovative ideas and dedication.” Plexus Capital will receive the SBIC of the Year Award June 21 during the 50th Anniversary of National Small Business Week.
The Charlotte, NC-based firm has just completed raising $150 million in private capital from its long standing limited partners. Pending final SBA approval, this private capital will be combined with leverage from the SBA in the same amount to create Plexus Fund III, with total available investment capital of $300 million.
“Being named the nation’s Small Business Investment Company of 2013 speaks to the value we are providing to our investors and small businesses across the country,” said Plexus Capital managing partner Bob Anders. “Plexus is distinguished by our focus on relationships, our determination to create access to growth capital for U.S. middle-market businesses, and our proven ability to continue to earn the confidence of our investors.”