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Laxman Pai, Opalesque Asia:

Charlotte-based Capitala Group, the provider of private credit and private equity capital, has raised more than $1 billion in capital commitments for the oversubscribed fund.

Capitala invests both debt and equity capital into small businesses located throughout the U.S., said a press release from the private markets investment firm.

The Firm's strategy supports family-owned, entrepreneur-owned, and independent sponsor-owned companies seeking non-control growth capital for their businesses, it said.

With Capitala's flexible mandate, the Firm can serve as a one-stop financing source for small businesses and currently has over $300 million of equity-focused commitments available to co-invest alongside its debt capital.

"We are thrilled to conclude this fundraising round, which was oversubscribed and far exceeded our initial target due to strong institutional demand. Reaching $1 billion in commitments is a major achievement for our firm, which reflects the strength of our platform and the trust placed in us by our investors," said Joe Alala, III, Founder and CEO of Capitala Group.

"We are also pleased to share that we have added 42 new bank partners to our platform during this fundraise, in addition to many blue-chip institutional global investors. With 79 banking partners fueling our proprietary origination platform, we believe we have a competitive edge in identifying and sourcing high-quality investment opportunities," Joe added.......................

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