Plexus Capital names new managing partner

Plexus Capital said Tuesday that Michael Painter has been named the managing partner for the Charlotte investment company.

He replaces Bob Anders, who had served as managing partner since the firm was launched in 2005. Anders will remain a full-time partner and member of the privately held firm's investment committee.

Painter

Painter is one of five founding partners. The firm said his promotion was part of a transition strategy that was long-planned.

Under Anders’ leadership, Plexus invested $365 million, partnered with 61 small businesses and raised more than $550 million, the firm said.

Plexus has offices in Charlotte and Raleigh. It specializes in providing capital to middle-market businesses looking to grow.

The firm has $550 million currently under management.