Investor Confidence Despite Tough Market
Despite a cooling private equity market, Plexus said both funds were oversubscribed, reflecting strong investor faith in its consistent track record. The firm, founded in 2005 and operating from Raleigh and Charlotte, has now raised more than $3.5 billion across seven structured capital funds and two buyout funds.
While Plexus didn’t specify investor sources for the latest funds, it cited its long-standing relationships with institutional investors, including pension funds, endowments, insurance firms, foundations, family offices, and high-net-worth individuals.
A Testament to Partnership and Persistence
“Plexus is proud of the long-term relationships built with our investors and portfolio company management teams,” said Partner Alex Bean. “Our disciplined investment approach and track record across market cycles resonated strongly with investors, especially in a challenging fundraising environment. We’re grateful for the continued support from existing partners and excited to welcome new institutional investors.”
Legal counsel from Kirkland & Ellis LLP guided Plexus through the fundraising process, though the full team roster wasn’t disclosed.
