The Patriot Capital Family of Funds announced today the closing of its fourth SBIC fund, Patriot Capital III SBIC, LP, with investable capital exceeding $250 million. Patriot Capital III SBIC, LP, will continue to follow the same disciplined strategy of providing debt and equity capital to high-performing middle market companies. Patriot’s proven and consistent strategy attracted strong support from existing and new institutional investors. Patriot Capital exceeded its capital raise target by over 20%. “We are very pleased with the overwhelming support of our existing investors as well as the large number of new institutional investors who see the value in supporting a well-established fund manager in the middle market,” expressed Charles McCusker, Managing Partner of the firm. Patriot Capital III, SBIC, L.P. is the latest SBIC fund in the Patriot Capital Family of Funds succeeding Patriot Capital II, Patriot Capital and Allegiance Capital. Since 1999, the Patriot Capital Family of Funds has invested in over 92 middle market transactions and has over $550 million in assets under management. “Patriot Capital has a very experienced team who have managed independent capital funds through multiple economic cycles and consistently proven the ability to execute on their investment strategy,” commented John Fulton, Managing Director, Corrum Capital Management. Patriot Capital provides capital for change of control transactions, recapitalizations, acquisitions, refinancings and growth initiatives. “In addition to all of the key underwriting elements, Patriot Capital ensures that the capital structure of the business matches the business strategy of the portfolio company. In this way, all stakeholders can maximize their investment returns,” explained Tom Holland, partner and Chief Investment Officer of Patriot Capital.