LongueVue Capital, a New Orleans-based private equity firm, has closed its LongueVue Capital Partners II, L.P. with $175 million. The firm makes equity and debt investments in lower middle market companies.
LongueVue Capital (“LVC”), a New Orleans-based private equity firm, today announced the final closing of LongueVue Capital Partners II, L.P. (“LVC II”), a private fund with up to $175 million of capital available to make private equity and debt investments in lower middle market companies.
LVC II focuses on growth-oriented businesses generating up to $100 million of annual revenue and seeks to partner with strong management teams across a variety of industries. LVC’s principals work closely with management partners to create value by implementing growth strategies and driving operational improvements. LVC takes both control and non-control positions, providing capital for buy-outs, recapitalizations, acquisitions, and growth.
“We are delighted to announce the closing of LVC II and are grateful for the confidence placed in us by our limited partners,” said Rick Rees, Co-founder and Managing Partner of LongueVue Capital. “Our success in fundraising is reflective of our disciplined investment process, strong track record in the lower middle market, and highly experienced investment team. We look forward to leveraging our experience and prior success to identify attractive investment opportunities for LVC II and build great companies.”
“We are hands-on investors, leveraging our team’s decades of investing and operating experience to help small businesses reach their value potential,” said John McNamara, Co-founder and Managing Partner of LongueVue Capital. “In LVC II, we have the flexibility to provide financings across the capital structure and will carefully evaluate debt and equity opportunities using our situation-driven, value oriented approach. We plan to deploy our capital alongside proven management teams in businesses with compelling value propositions.”
Investors in LVC II include high net worth entrepreneurs, family offices and financial institutions. A portion of LVC II’s $175 million of available capital will be accessed through the U.S. Small Business Administration’s (“SBA”) Small Business Investment Company (“SBIC”) Program. Recently, LVC II received approval for licensure from SBA to operate as an SBIC.
The SBIC Program was established in 1958 by Congress to stimulate long-term investment in American small companies and has provided funding to over 100,000 businesses, including well-known names such as Apple Computer, Federal Express, Callaway Golf, Costco, and Outback Steakhouse.
About LongueVue Capital:
LongueVue Capital is a private equity company focused on making value-oriented equity and debt investments in lower middle market companies (up to $100 million of revenue) to support buy-outs, recapitalizations, acquisitions, and growth. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including energy services, third-party logistics, electrical and instrumentation services, and wireless technology. LVC is based in New Orleans with additional offices in New York and Salt Lake City.