# Plexus Capital

Structured capital that names search funds.

A lower-middle-market structured capital firm whose seventh fund, $977 million, states its focus as supporting independent sponsors, search funds, equity funds, and management teams. It writes $5 million to $25 million initial checks on its strategy page and up to $40 million on its structured capital page, into companies with $2 million to $15 million of EBITDA, across recapitalizations, growth investments, and buyouts. The firm reports $3.5 billion raised including leverage and 214 companies funded.

- Category: Capital & Investors
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search
- Website: https://www.plexuscap.com

## At a Glance

Belongs on the call list when the deal is big enough for institutional structured capital; the published ranges tell you in one read whether yours is.

## What It Costs

Investment terms, not fees: publishes check sizes of $5M to $25M initially on one page and up to $40M on another, with capacity beyond $50M through delayed draw facilities and up to $75M in a single platform; the instrument is debt with an equity co-investment.

## Best For

[Searchers](https://searchspheresource.com/glossary/searcher) at the larger end of the band whose acquisition needs institutional structured capital alongside or instead of a single equity lead

## Pros and Cons

- Pro: Names [search funds](https://searchspheresource.com/glossary/search-fund) in its own fund mandate, in writing
- Pro: Publishes both its check range and its target [EBITDA](https://searchspheresource.com/glossary/ebitda) range
- Pro: Scale a searcher can verify: $3.5B raised including leverage and 214 companies funded by its own count, eight of them rows on this site's own record
- Con: The $5M minimum check sits above most first-time searcher deals
- Con: Search funds are one lane of four in a generalist mandate, not a dedicated practice, though its structured capital page says it has invested beside search equity investors since inception
- Con: No searcher-specific economics or terms are published

## What Searchers Say

A generalist [lower-middle-market](https://searchspheresource.com/glossary/lower-middle-market) firm with Raleigh and Charlotte offices; the search-fund language appears in Fund VII's own description and on its structured capital page, which calls its seat debt with a minority co-investment alongside search equity investors. How many searcher deals it has closed is not published, so ask for searcher references.

## Sources

- https://www.plexuscap.com/
- https://www.plexuscap.com/strategy
- https://www.plexuscap.com/strategy/debt-equity/
- https://www.plexuscap.com/contact

Also on this site: https://searchspheresource.com/resources/category/capital.md
Source: https://searchspheresource.com/resources/plexus-capital
Last checked: 2026-09-18

Site index for machines: https://searchspheresource.com/llms.txt