Los Angeles-based private equity firm St. Cloud Capital has closed its fourth fund, St. Cloud Capital Partners IV SBIC LP, with total capital commitments of $236 million, including Small Business Administration leverage. The firm focuses on making control and non-control investments in lower middle-market companies with annual revenues between $10 million and $150 million.
The new fund has already closed three investments in companies providing electronic monitoring services, vision care services, and micro electro-mechanical systems. St. Cloud Capital now manages over $700 million in capital.