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Laxman Pai, Opalesque Asia:

Sverica Capital Management has hit a $750m hard cap close for its sixth flagship buyout fund, a huge increase on the $450m it gathered for its predecessor fund.

The US-based growth-oriented middle market private equity firm said in a media release that Sverica will use Fund VI to continue its strategy of investing in companies that are, or have the potential to be, category leaders within their respective industries.

Sverica Capital Partners VI will target businesses with enterprise values of up to $250 million. It will also remain focused on businesses within the technology, business services, healthcare, and advanced industrial sectors, the release said.

Dave Finley, Managing Partner at Sverica, said, "Maintaining the interest and trust of our limited partners to manage this new pool of capital is an honor. We have built a great team here at Sverica and are excited to continue following the investment and portfolio management strategies that have been proven through successive funds."

According to the release, Sverica's investment returns are driven by identifying areas to reinvest back into businesses, augmenting a company's talent, and building systems, processes, and infrastructure to scale an organization during its investment period. "Over many years, Sverica has built its own set of best practices and standard operating procedures to support a repeatable and consistent investment process that will endure over th......................

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