Independent Bankers Capital Funds has raised about $100 million in capital commitments for its third fund. Designated as a Small Business Investment Company by the Small Business Administration, Fund III has received $33 million from mostly Texas community banks; the remaining $67 million will be provided by the SBA. Fund III will focus on backing lower middle market companies in the South, with an emphasis on Texas. According to IBCF, each investment will be between $3 million and $7 million.
DALLAS, Texas – Independent Bankers Capital Funds (“IBCF”), a Dallas, TX-based private capital investment firm specializing in mezzanine lending and equity investing in established lower middle market companies, has announced the launch of its third fund (“Fund III”). Fund III is designated as a Small Business Investment Company (“SBIC”) by the U.S. Small Business Administration (“SBA”). Fund III has received $33 million in private capital commitments, primarily from Texas community banks, allowing it to receive an additional $67 million in funding commitments from the SBA, resulting in approximately $100 million of investable capital.
Fund III was licensed by the SBA and began actively investing in January 2015.
In 2000, IBCF debuted its original fund, which focused on providing junior capital to profitable lower-middle market companies in Texas and surrounding states. Fund III continues the same investment strategy as the firm’s two previous funds supporting lower middle market companies in the Southern United States, with a focus on Texas companies.
IBCF takes an especially hands-on approach to partnering with management teams to help them achieve their growth plans. Fund III will invest $3 million to $7 million per transaction.
Inquiries can be directed to Barry Conrad, Tom Hoyt, Bill Miltenberger, or Meg Taylor.
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