Wachovia Capital Partners has become independent from Wells Fargo, which acquired the firm through its acquisition of Wachovia Bank, and has been renamed Pamlico Capital. The firm will continue to manage its portfolio of over $2 billion in assets, including the unfunded commitments in its latest fund. The firm's entire team of investment professionals will remain as well. Pamlico targets growth equity and buyout investments of up to $100 million per transaction in the business and technology services, communications and healthcare industries.
