Charlotte, N.C.-based private equity firm Frontier Capital has closed its second fund with $115 million of committed capital.

Frontier Fund II easily eclipsed the $45 million raised for the firm’s debut offering.

Frontier targets traditional and technology-enabled high growth business services companies and will typically invest $5 million to $10 million in companies with revenues of between $5 million and $30 million.

”Growth equity has been receiving a lot of attention recently, and for good reasons,” said managing partner Richard Maclean. “We have been focused on this sector since 1999 and our investors have been very pleased with our results. Fund II will allow us to continue building our position as the leading growth equity investor in business services companies in our region.”