Bluehenge Capital Partners is happy to announce the ultimate shut of its newest fund, the Bluehenge Capital SBIC II, LP, at $234 million in complete commitments.
BATON ROUGE, LOUISIANA, UNITED STATES, October 9, 2023 /EINPresswire.com/ — Bluehenge Capital Partners (Bluehenge) is happy to announce the ultimate shut of its newest fund, the Bluehenge Capital SBIC II, LP, at $234 million in complete commitments. The fund was licensed as a Small Business Investment Company (SBIC) in Might of 2022 by the US Small Business Administration.
“We’re proud that we have been capable of increase almost two-thirds of our new fund from present traders whereas including 13 new banks to our relationship base,” stated A. David Kocen, Managing Associate of Bluehenge. “We view every of our financial institution partnerships as a strategic relationship and are thrilled to have introduced the SBIC product to over 45 neighborhood and mid-sized banks across the nation.” Bluehenge was assisted with its capital increase by Commerce Road Capital, a Dallas-based placement agent centered on SBIC fund improvement.
Bluehenge raised the fund to proceed with its technique of offering adaptable funding options to middle-market enterprises. The Fund makes debt and fairness investments of as much as $20 million in a variety of sectors, together with manufacturing, industrial providers, and shopper. Every funding enjoys its personal customized construction, crafted to fulfill the wants of the issuer and its stakeholders.
“Though credit score markets for our goal debtors have tightened lately, we’re very a lot open for enterprise and desirous to finance high-quality groups at high-quality companies,” acknowledged Albert Alexander, Director of Bluehenge.
About Bluehenge Capital Partners
Bluehenge Capital Partners is a Baton Rouge, Louisiana-based non-public fairness and personal credit score funding agency providing artistic capital options for decrease middle-market companies throughout varied industries. In partnership with the US Small Business Administration, Bluehenge has raised over $420 million of capital in pursuit of its technique. The Bluehenge staff has an extended historical past of offering capital for buyouts, acquisitions, and development to corporations throughout a nationwide footprint. For added data, please go to bluehenge.com.
About Commerce Road Capital, LLC
Commerce Road Capital, LLC, (Member FINRA/SIPC) is a broker-dealer whose providers embrace: Mergers & Acquisitions, Recapitalizations, Personal Placement of Debt & Fairness, Regulatory Advisory, Valuations & Equity Opinions, Group Financial institution Capital Markets Providers, Small Business Investment Company (“SBIC”) Fund Elevating, Company, Power & Actual Property Finance, Due Diligence Providers. For added data, please go to commercestreetcapital.com.
About Small Business Investment Corporations
Small Business Investment Corporations are extremely regulated, enterprise capital and personal fairness funds that make investments completely in home small companies to assist them develop and create American jobs. SBICs pursue investments in a broad vary of industries, geographic areas, and phases of funding. Since its inception in 1958, the Small Business Investment Company program has facilitated entry to affected person capital for tens of hundreds of small companies and has created hundreds of thousands of American jobs at zero danger to the American taxpayer.
A. David Kocen
Bluehenge Capital Partners