There is a critical type of capital that is simply not available
Middle market firms in the $1M - $10M EBITDA range need access to capital beyond the capacity of local lenders, but are too small or don't fit the mold for the larger institutional lenders and private equity.
The mission of the fund is to provide debt and equity solutions usually reserved for the larger, sponsor-backed companies, which have more flexible structure and pricing than local lenders or predatory financing groups. For larger rounds of capital and situations that aren't a fit, we would typically either use an aspect of direct capital in addition to raising outside capital, or raise the capital via our advisory business.