private equity predecessor wachovia capital partners founded 1988 headquarters charlotte north carolina united states products growth capital leveraged buyout total assets 3.5 billion number of employees 20 parent wells fargo prior wachovia prior first union prior website www.pamlicocapital.com pamlico capital formerly wachovia capital partners and previously first union capital partners is an independent private equity firm focused on growth capital and leveraged buyout investments in middle market companies in the business services technology services telecommunications and healthcare industries . the firm which is based in charlotte north carolina was founded in 1988 as the private equity investment arm of first union corporation . the firm has invested approximately 3.8 billion in more than 200 companies since inception across two funds . the firm is named for the pamlico sound which is located in north carolina . contents 1 investments 2 spinout from wells fargo 3 pamlico capital fund iii 4 references 5 external links investments edit among the firm s notable investments are integrated broadband services three eagles communications 1 and heartland publications 2 bell sports inc. house of blues jostens martin marietta materials metaldyne hosting.com ruth s chris steak house kinder morgan capitalsource grupo corpativo ono metropcs univision communications triton pcs and yankeenets . spinout from wells fargo edit wachovia capital partners logo originally founded as first union capital partners in 1988 the firm served as the private equity investment arm of first union a commercial bank based in charlotte . the firm changed its name to wachovia capital partners following the merger of first union and wachovia in 2001 under managing partners scott perper currently serving as head of pamlico capital and ted gardner . in 2005 frederick eric w. eubank and l. watts hamrick among the original partners at conception of first union capital partners were named managing partners of the firm alongside scott perper chief financial officer tracey m. chaffin and partners art c. roselle walker c. simmons and scott r. stevens ; all of whom remain with the firm to date . 3 as a captive private equity investment arm the firm focused on growth capital leveraged buyout and mezzanine capital investments in middle market companies across a range of industries . the firm invested both as the lead investor or an equity co investor alongside other financial sponsors . during the financial crisis of 2008 the firm s parent wachovia was acquired by wells fargo which had an existing private equity platform norwest equity partners . in march 2010 the firm completed a spinout from wells fargo . 4 pamlico capital fund iii edit in october 2013 pamlico capital closed fund iii at 650 million well exceeding the original goal of 500 million . pamlico capital iii is the first fund raised after the spin out from wells fargo in 2010 . while previous funds had a majority investment from the financial institution pamlico capital iii exclusively includes outside investors alpinvest partners constitution capital partners ge pension trust harbourvest partners affiliates of hartford investment management company himco hoopp capital partners the private equity arm of the healthcare of ontario pension plan john hancock financial services scm strategic capital management ag and tiaa cref . 5 references edit three eagles communications announces recapitalization . march 29 2002 heartland publications acquisitions . heartland publications . october 1 2007 . wachovia capital partners buys majority interest in cable broadband services firm . wral techwire . retrieved 22 june 2012 . http www.pionline.com article 20100324 dailyreg 100329939 adam o daniel october 8 2013 . pamlico capital raises 650m in first post wachovia fund . charlotte business journal . external links edit pamlico capital company website wachovia capital partners company website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies v t e merchant banking private equity groups current and prior abn amro aac capital partners bank of america ridgemont equity partners merrill lynch global private equity barclays capital barclays private equity barings bank baring vostok capital partners gp investments bear stearns irving place capital fka bsmb cibc world markets trimaran capital partners citigroup metalmark capital court square capital partners cvc capital partners credit suisse dlj merchant banking avista capital partners diamond castle holdings deutsche bank midocean partners first chicago bank defunct madison dearborn partners gtcr goldman sachs goldman sachs capital partners jpmorgan chase ccmp capital fka jpmorgan partners one equity partners lazard lazard alternative investments lehman brothers defunct trilantic capital partners morgan stanley metalmark capital morgan stanley capital partners nomura terra firma capital partners ubs ubs capital affinity equity partners capvis lightyear capital wells fargo norwest venture partners pamlico capital william blair & company chicago growth partners william blair capital partners list of investment banking private equity groups v t e wells fargo history founders henry wells william fargo board of directors john stumpf chairman and ceo timothy sloan patricia callahan kevin rhein michael loughlin james strother richard levy david carroll michael heid david hoyt divisions wells fargo advisors wells fargo bank wells fargo financial wells fargo home mortgage wells fargo insurance services wells fargo securities historical components abd insurance & financial atlantic national bank a. g. edwards bache & co. bank of baltimore bank of north america bowles hollowell connor & co. century bank corestates financial crocker national bank evergreen investments first commerce bancshares first interstate bancorp first security first union florida national bank garden state national bank georgia railroad bank golden west financial halsey stuart & co. national bank of alaska norwest prudential securities southeast bank southtrust wachovia wachovia securities former components h.d. vest pamlico capital tillie the all time teller buildings one wells fargo center wells fargo center denver wells fargo center jacksonville wells fargo center los angeles wells fargo center minneapolis wells fargo center portland or wells fargo center sacramento wells fargo center salt lake city wells fargo center seattle wells fargo place wells fargo plaza el paso wells fargo plaza houston wells fargo plaza phoenix wells fargo center philadelphia wells fargo tower birmingham wells fargo tower colorado springs duke energy center category commons wikiversity this article about a private equity or venture capital firm based in the united states is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title pamlico capital & oldid 695108448 categories private equity firms of the united stateswells fargoinvestment banking private equity groupsfinancial services companies established in 1988companies based in charlotte north carolinaunited states private equity firm stubshidden categories pages using infobox company with unsupported parametersall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation 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