Renovus closes fourth fund at $875M

Renovus Capital Partners, a private equity firm that has become active in the government landscape, has closed its fourth fund at approximately $875 million in capital commitments.

Investors contributed $825 million of that with the remainder coming from the Small Business Administration via Renovus’ participation in that agency’s SBIC program, or Small Business Investment Company program.

Through SBIC, private equity and other investors receive venture funds to back small businesses via agency-supported loans. One of the ideas behind SBIC is to connect investors with companies whose technology and service offerings have promise.

“Renovus IV is off to a great start with its first investment scheduled to close next week and a robust pipeline of prospective investments ahead,” Brad Whitman, a Renovus founding partner, said in a release Wednesday.

Philadelphia-headquartered Renovus is the same firm that created Aretum in 2023 from a string of other acquisitions and more recently acquired QualX earlier in the fall.

Insight Technology Solutions and Deep Water Point & Associates are also among Renovus’ holdings with a public sector presence.

Renovus was advised by Morgan Lewis and Winston & Strawn for the Fund IV process. Houlihan Lokey acted as the primary placement agent.