LongueVue Capital, a New Orleans-based private equity firm focused on providing growth capital to middle-market companies, has closed its LongueVue Capital Partners IV LP. The fund was oversubscribed and hit its extended hard cap of $360 million.

LVC IV will focus on control investments in middle-market businesses as the first investor. LongueVue Capital aims to partner with growth-oriented companies that have both scalable and sustainable business models and leadership teams across a group of industries. In conjunction with the launch of LVC IV, LongueVue Capital also expanded its team to include 14 investment professionals and operating partners. The fund received commitments from 10 current and former portfolio companies, among others.