Plexus Capital closes $300 million fund

Plexus Capital, an investment company headquartered in Charlotte and Raleigh, said Tuesday it has closed its latest $300 million fund.

It's the company's third fund, and has been certified in the Small Business Investment Company program, the company said. That means it is able to borrow low-cost capital through the federal Small Business Administration to invest alongside private money. That borrowed money makes up half of the fund.

Plexus makes subordinated debt investments in medium-sized businesses.