CVF Capital Partners has held a closing of its mezzanine fund, Central Valley Fund II, with over $100 million of total committed capital. The new fund will be invested in mezzanine debt and equity capital of lower-middle market companies located in California.
“We appreciate this extraordinary vote of confidence from our investors. We look forward to seeking opportunities to invest this capital in first-class companies while continuing our consistent track record of strong investment returns for our limited partners and their constituents,” said Brad Triebsch, Principal and Co-founder of CVF. “We have a healthy pipeline of opportunities and look forward to putting this additional capital to work by continuing to partner with private equity sponsors, commercial banks and management teams to support their objectives.”
The new fund will provide flexible junior capital and will target companies with at least $10 million in revenue and $2 million of cash flow. The fund will consider investments in business services, government services, industrial services, education, healthcare, logistics, niche manufacturing and value-added distribution companies. “We have a successful track record as patient, long-term investors committed to working closely with sponsors and company management teams to create stable capital structures and optimal investment outcomes for all parties,” said Ed McNulty, a CVF Principal.
CVF Capital Partners was established by the principals of Gael Partners to finance later stage growth investments through mezzanine and preferred equity investments. The fund has offices in Davis, CA and Fresno, CA (www.centralvalleyfund.com).
Since 2006, CVF has deployed or committed over $50 million in California companies, including financing for several Central Valley businesses for acquisitions, expansion or recapitalizations. In addition, the principals of CVF bring expertise to this market having collectively deployed close to $800 million into middle market transactions over the last 25 years.
