Source Capital announces that it has successfully closed on $315.5 million in commitments (including anticipated SBA debenture leverage) for its fifth investment fund, reaching its hard cap target. The funds raised include commitments from institutional investors, banks, family offices, and high net worth individuals.

The Fund will continue the successful investment strategy of Source Capital’s previous credit funds by providing flexible, tailored credit and equity solutions to lower middle market companies, investing $8 million to $30 million of capital per transaction.

The Fund was licensed as a Small Business Investment Company by the U.S. Small Business Administration in June 2024. The Fund began investing in June 2024 and has closed three investments to date.

Read the full press release here.