Small business investment company (SBIC) Plexus Capital has raised $150 million in capital, which it plans to combine with leverage from the Small Business Association (SBA), to create a $300 million fund that will invest in U.S. lower middle market businesses.

Plexus, based in Charlotte, N.C., has $550 million under management, and invests in middle market companies in the U.S. The firm launched in 2005.

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