Dow Jones' LBO Wire reports that Philadelphia-based Eureka Growth Capital is seeking to raise a new fund, Eureka III LP, with a target of $150 million and a hard cap of $200 million.
Eureka Growth Capital is a middle market PE firm headed by managing partner and co-founder Christopher G. Hanssens, a Villanova grad and Wharton MBA who previously was with Accenture and Murray Devine & Co., a transaction and valuation advisory firm. The firm's portfolio is diverse both in terms of industries and geography, although a few of its current investments are based in the Philadelphia area. It has some information technology investments; the most significant Philly area one I can see is Synygy, the Chester-based salesforce comp SaaS vendor from which it exited in 2006.
Eureka raised its last fund of $130 million in 2007.