Middle market private equity and growth equity firm
Pamlico Capital
Formerly Wachovia Capital Partners
- HeadquartersCharlotte, NC S2
- Founded1988 S2
- Websitepamlicocapital.com
- Last verifiedOctober 26, 2026
At a glance
| Assets under management | $5B (as of Oct 2026) S2 |
|---|---|
| Latest fund | Pamlico Capital VI, $1.8B (Mar 2025) S5 |
| Revenue range | $10M to $150M S2 |
| Check size | $50M to $200M S2 |
| Deal types | Platform, Add-on, Minority, Growth S2 |
| Geography | North America S2 |
| Sectors | Software & SaaS, Healthcare Services, IT Services & MSP, Accounting & Professional Services |
What Pamlico Capital buys
Pamlico Capital is a Charlotte, North Carolina firm that has backed middle market companies since 1988, first as Wachovia Capital Partners and as an independent firm since 2010. It works in five areas: software, healthcare, information services, communications, and business services, which for Pamlico includes IT services such as Protera's SAP cloud work and outsourced accounting through Your Part-Time Controller. Its stated target is a North American company with $10 million to $150 million of revenue, and it puts $50 million to $200 million of equity into each deal.
Pamlico does both buyouts and growth equity, and it will take either a majority or a minority stake. It says more than 70% of its deals have been a company's first outside institutional money, and it also backs search companies. Founders often keep a real stake, as in the January 2026 CalcFocus deal. A company below its size floor is most likely to meet Pamlico as an add-on: its portfolio has made more than 220 of them, including Redfig for Protera and Sligo AI for SpendHQ in 2026.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Becker's HealthcareSold the healthcare media and events company to Forge, the Apollo-backed events business, after nine years of ownership | Exit | Source | |
| Apr 2026 | Sligo AIAI procurement software company added to SpendHQ | Add-on | Software & SaaS | Source |
| Jan 2026 | RedfigSAP application and automation services firm added to Protera | Add-on | IT Services & MSP | Source |
| Jan 2026 | CalcFocusLife and annuity policy software; the co-founders keep a meaningful stake while a new CEO joins | Growth | Software & SaaS | Source |
| Jan 2026 | PersonifyAssociation management software company sold to Momentive Software | Exit | Software & SaaS | Source |
| 2026 | MedOnePharmacy benefit manager for self-insured employers; Pamlico lists 2026 as the investment year | Investment | Healthcare Services | Source |
| Dec 2025 | AvantCourt Square led a new growth investment in the technology services distributor, and Pamlico reinvested to stay on as a partner | Investment | Source | |
| Dec 2025 | EHS InsightRecapitalization of the safety and compliance software company alongside Level Equity; the co-founders keep stakes | Investment | Software & SaaS | Source |
| Jul 2025 | goHappyEngagement software for frontline workers; earlier investor Growth Street Partners stays in | Growth | Software & SaaS | Source |
| Jul 2025 | Socket Telecom and IdeaTekMissouri and Kansas fiber internet providers backed together with Oak Hill Capital and combined into one Midwest company | Investment | Source | |
| Mar 2025 | Pamlico Capital VISixth fund closed at its $1.75 billion hard cap, above its $1.5 billion target | Fund close | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Avant Current
- Protera Current
- Your Part-Time Controller Current
Communications
- Airwavz Current
- Socket & IdeaTek Current
Healthcare
- ClarisHealth Current
- MedOne Current
- Millennia Current
- Office Practicum Current
Healthcare Services
- US Eye Current
Info Services
- BNI Current
- CEATI International Current
- Datos Insights Current
- HelioCampus Current
- Key Data Dashboard Current
- World 50 Current
Software
- Beck Technology Current
- CalcFocus Current
- EHS Insight Current
- goHappy Current
- InRule Technology Current
- ISAAC Current
- Profisee Current
- SpendHQ Current
- Veson Nautical Current
Past investments: Becker's Healthcare, Personify, TekLinks, Secure-24, 10th Magnitude
Greymont’s take
How Pamlico Capital fits a seller
Pamlico suits founders of software, tech-enabled services and healthcare businesses who have outgrown self-funding and want a first institutional partner without always giving up control. Its checks are large for the lower middle market, so a business generally needs to be well past $10 million of revenue to be a new platform. Several recent deals left founders with real ownership: the CalcFocus co-founders kept a meaningful stake as a new CEO came in, and the EHS Insight co-founders did the same next to a returning investor.
Pamlico also tends to sell or bring in a new lead partner after several years, as with the January 2026 sale of Personify to Momentive and Court Square's December 2025 investment in Avant, where Pamlico reinvested. An owner should ask whether the offer is for a majority or a minority stake, what a new CEO hire would mean for their role, and how long Pamlico expects to hold.
Questions owners ask
How big a company does Pamlico Capital invest in?
Its posted range is North American companies with $10 million to $150 million of annual revenue, and it invests $50 million to $200 million of equity per deal. Its sixth fund closed at its $1.75 billion hard cap in March 2025.
Will Pamlico take a minority stake?
Yes. Its investment parameters list majority or minority investments, and the firm says it is often a company's first institutional capital. Deal types include growth equity, buyouts, recapitalizations and search companies.
Does Pamlico invest in IT services companies?
Yes, inside its business services sector. It currently owns Protera, which manages and migrates SAP systems in the public cloud and bought Redfig in January 2026. Past holdings include TekLinks, Secure-24 and 10th Magnitude.
Was Pamlico Capital always called Pamlico?
No. The team invested as Wachovia Capital Partners and took the Pamlico Capital name when it became independent from Wells Fargo in March 2010. The firm dates its history to 1988.
Sources
- S1Pamlico Capital home page Accessed October 20, 2026
- S2Pamlico Capital: About (story, investment parameters, AUM) Accessed October 20, 2026
- S3Pamlico Capital: Portfolio (current companies) Accessed October 20, 2026
- S4Pamlico Capital: News Accessed October 20, 2026
- S5Pamlico Capital Closes Sixth Fund at its Hard Cap of $1.75 Billion (March 10, 2025) Accessed October 20, 2026
- S6Wachovia Capital Partners Becomes Independent Private Equity Firm Pamlico Capital (March 24, 2010) Accessed October 20, 2026
- S7Pamlico Capital: Business Services portfolio Accessed October 20, 2026
- S8Pamlico Capital: Communications portfolio Accessed October 20, 2026
- S9Pamlico Capital: Healthcare portfolio Accessed October 20, 2026
- S10Pamlico Capital: Information Services portfolio Accessed October 20, 2026
- S11Pamlico Capital: Software portfolio Accessed October 20, 2026
- S12Pamlico Announces Significant Growth Investment in CalcFocus (January 14, 2026) Accessed October 20, 2026
- S13Protera Acquires Redfig (January 15, 2026) Accessed October 20, 2026
- S14Pamlico Capital portfolio: MedOne (investment year 2026) Accessed October 20, 2026
- S15Pamlico Capital Announces Sale of Becker's Healthcare to Forge (October 20, 2026) Accessed October 26, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Pamlico Capital. Figures are as reported on the dates shown and may have changed. Request a correction