Patriot Capital Closes $250M Middle-Market Fund

Law360, New York (July 9, 2013, 6:28 PM EDT) -- Middle-market private equity firm Patriot Capital has closed its latest fund with more than $250 million in assets under management, exceeding its capital target by more than 20 percent, the Baltimore- and Chicago-based fund firm said Tuesday.

The fund, Patriot Capital III SBIC LP, is the firm's fourth fund to be licensed as a small-business investment company. Patriot will provide both debt and equity capital to a variety of middle-market U.S. companies.

"We are very pleased with the overwhelming support of our existing investors as well...
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