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Laxman Pai, Opalesque Asia: Petra Capital Partners has picked up $208m for the final close of its fourth growth fund Petra Growth Fund IV (PGF IV).
The fund targets healthcare, business, and technology-enabled services companies and is structured as a small business investment company (SBIC) licensed by the U.S. Small Business Administration.
"We are very pleased with the response from our existing investors and several important new investors for PGF IV and the strong support we received from the SBIC program," said Mike Blackburn, Managing Partner at Petra.
According to a press release, the fund has already closed on two new investments. In late 2019, the fund partnered with founding management and an experienced stable of co-investors to form Three Oaks Hospice, a Dallas, TX, based provider of hospice and palliative care services.
"We are excited to partner once again with David Gasmire, Chairman and Andrea Bohannon, CEO of Three Oaks Hospice. They share our vision of creating a leading hospice and palliative care provider focused on quality patient care and compliance. This new investment fits squarely into one of our core investment sectors of healthcare and represents a compelling opportunity for the fund," commented David Fitzgerald, Partner at Petra.
Besides, the fund recently invested in a Midwest-based provider of physical therapy clinics and worksite solutions, it said.
With the raising of the new fund, Petra is also proud to announce that D...................... To view our full article Click here
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