JAM Capital Partners has been joined by Former House Speaker Newt Gingrich in order to raise a new $100 million fund. The firm makes majority and minority investments in lower middle market growth companies with annual revenue of $5 million to $25 million. The firm is presently making new investments and plans to close the $100 million fund by the end of 2016.
“If the Wright Brothers invented the airplane in the current regulatory environment the plane would probably be grounded due to safety concerns. I have helped entrepreneurs navigate regulated markets for thirty years and I want to help modern day Wright Brothers get off the ground,” said Speaker Gingrich.
JAM Capital Partners was founded in 2010 by John McCallum, its Managing Partner. Mr. McCallum previously worked at Goldman Sachs in its private client group from 2006 to 2010. Earlier in his career, from 1993 to 1996, he was a legislative aide to Speaker Gingrich focusing on budget, tax and banking issues. JAM is based south of Savannah in St. Simons Island, GA (www.jamcapitalpartners.net).
“Our partners have no interest in the Wall Street idea of investing in a blind pool fund with no discretion, little transparency and limited control of their capital – they want to invest with like-minded people, they want transparency, and they want to have control of their investment decisions,” said Mr. McCallum.
JAM’s first fund had $40 million of capital and was invested in 12 companies that operated in a range of industries. To date, this fund has completed six exits and a number of partial exits.
“Speaker Gingrich is one of the most innovative and creative thought leaders in modern American history and someone with the public sector experience that provides a unique perspective for entrepreneurs operating in increasingly regulated markets,” added Mr. McCallum.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-11-16