Plexus Capital has raised $204 million for its inaugural private equity fund, Plexus Equity Fund I.

Plexus Equity makes equity investments in firms with up to $100 million in revenue and $12 million in EBITDA. The Plexus team has invested $1.5 billion in more than 140 lower middle market companies.

“This is an important milestone for Plexus. We are grateful to have the support of our longstanding limited partners and are pleased to welcome several new institutional investors to the Plexus family,” said Jay Jester, partner at Plexus.