Petra Capital Partners has announced it completed fundraising on its fourth fund — Petra Growth Fund IV — with $208 million of capital available.

Founded in 1996, Petra Capital Partners provides growth capital for middle market companies. Based in Nashville, the firm targets companies with at least $10 million in revenue and positive EBITDA at the time of investment and a growth rate in excess of 20% in healthcare services and a few other sectors.

Along with its announcement concerning the fourth fund, Petra Capital announced the new fund had closed on two investments: the fund partnered with founding management and co-investors to form Three Oaks Hospice, a Dallas-based provider of hospice and palliative care services, and the fund invested in a Midwest-based provider of physical therapy clinics and worksite solutions.