NASHVILLE-based Petra Capital Partners announced completing fund-raising for Petra Growth Fund V at its hardcap and now has $270MM Fund V capital available to invest.

The firm's Fund V management now has capacity to invest up to $25MM per company in equity or debt securities, "with a primary focus on backing high-growth business services tech-enabled services and healthcare services companies," according to its press release Jan. 29.

The firm has 20 current portfolio companies. Its investment criteria are here.

Petra said it will continue to target healthcare, business and tech-enabled services companies. Fund V is structured as a small business investment company (SBIC), licensed by the U.S. Small Business Administration.

Petra's October 2024 SEC filing on Fund V is here. VNC's previous Petra Capital coverage.

Petra disclosed in yesterday's release that Fund V has made a platform investment in an undisclosed "primary market research and analytics firm serving the pharmaceutical, healthcare and consumer industries."

Petra said it has in the past quarter-century deployed more than $900MM of capital invested into more than 100 high-growth companies" and is currently recruiting for Associate-level positions in the firm.

The Petra team in Nashville includes Founding Managing Partner Mike Blackburn; Managing Partners David Fitzgerald and Doug Owen; Partner Matt Sotelo; CFO Melanie Beavon; Vice Presidents Corey Cialeo and Sean Murphy; Director of Business Development Carter Owen; and, Office Manager Mari-Kate Hopper. VNC

.last edited 1715 30 January 2025