Saunders Karp & Megrue formed a new private equity fund, known as SKM...

Saunders Karp & Megrue formed a new private equity fund, known as SKM Growth Investors, that will focus on small-cap companies capitalized between $10 million and $100 million. The fund was seeded with $150 million in capital from existing SKM funds. The private merchant bank already invests in small to mid-sized companies capitalized between $40 million and $400 million through its SKM Equity Funds I and II. SKM started its latest fund to concentrate on the 85% of small private or family-owned businesses ignored by most private equity funds.