Sverica Capital Management has announced it has closed its fourth private equity fund — Sverica Capital Partners Fund IV LP — at its hard cap of $275 million.

Sverica, a lower middle market PE firm with offices in Boston and San Francisco, focuses on investments in three sectors: healthcare services, business and IT services, and industrial companies.

The firm indicated that its fourth fund will target “profitable businesses with enterprise values up to $100 million with exceptional growth characteristics and the ability to sustain or emerge into a market leading position.”

The first investment in Fund IV was Synoptek, an outsourced IT managed services provider for a number of industries, including healthcare.

Note: Learn more about Sverica and other leading PE firms that invest in healthcare here.