SB Partners Capital Fund, LP announces availability of its $40 million dollar fund exclusive to middle-market minority and women-owned businesses seeking growth capital. While the Fund currently focuses on companies in the financial services and franchising businesses, companies in other sectors of service, distribution and manufacturing industries will also be considered. Portfolio firms will receive an average investment of $3 million per company.
"The Fund creates tremendous growth opportunity for minority and women-owned businesses, an area where access to capital is typically very limited," said David Shryock, general partner of SB Partners. "We provide these companies with capital, enabling them to expand products and services and ultimately increase their bottom line."
In addition to funding, SB Partners will provide portfolio companies with a broad range of business support such as senior management recruitment, financial structuring and reporting, business strategy, identification and integration of acquisitions, and access to additional capital.
"We've seen an emergence of large-scale minority and women-owned businesses over the past several years and recognize the importance of opening channels to capital markets," added Shryock.