Oxer Capital has launched Oxer BCP Mezzanine Fund, LP, a Small Business Investment Company (SBIC) to invest in lower middle-market businesses.
Oxer invests from $2 million to $10 million in subordinated debt and equity in Midwest-based companies that have annual revenues from $10 million to $100 million.
“Many successful private companies of this size lack the collateral to borrow from traditional banking sources and find raising the necessary equity capital to be too burdensome to pursue. And when companies can’t get money, they can’t grow,” said Mr. Bahlmann. “Through our SBIC fund, Oxer can provide capital so these companies can fuel their growth and strategic plans that ultimately enable job creation and economic growth.”
Oxer was founded by Mr. Bahlmann, Frank Capella, and Dan Phlegar in August 2014 and has now raised just over $122 million in private and SBA-backed capital. Investors in the new fund include community banks located throughout the Great Lakes region as well as accredited high net worth individuals.
“Our firm is built upon a successful track record of collaboration, professionalism and trust while working within regional banks,” said Mr. Capella. “We understand the importance of a lender’s relationship and we continue to make every effort to maintain these core values with all of our partners.”
In addition to the three founders, partner Michael O’Brien rounds out the investment team for Oxer. Prior to joining the firm he was senior vice president at Huntington Capital. Oxer Capital is based in Columbus (www.oxercapital.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 5-17-16
