Some business can certainly allocate more than $100M, but I could see that thesis for VC-backed tech-style product companies. A few examples come to mind immed

Some business can certainly allocate more than $100M, but I could see that thesis for VC-backed tech-style product companies. A few examples come to mind immediately: trading firms/hedge funds often have more capacity than that in their existing strategies; hardware businesses can have substantial up-front costs; companies with high COGS might need that much to just scale at the rate they're already moving, since each unit locks up a bunch of capital until it's sold.