Leonid Capital Partners, a Huntington Seashore, CA-based credit score supplier targeted on high-growth know-how corporations working within the nationwide safety trade, introduced that its evergreen fund now tops greater than $265M in belongings underneath administration.
Based in 2019 and led by Chris Lay and James Parker, Leonid is a specialised credit score supplier for companies engaged on authorities contracts for extremely technical engagements in fields equivalent to software program, biotech, and engineering. Its loans help all kinds of contract varieties designed by the U.S. federal authorities to encourage analysis, service, and product options for essential areas of want.
The agency accepts authorities contracts as lendable belongings, offering early-to-mid-stage corporations with essential non-dilutive progress capital.
The agency has superior over $125M to debtors this 12 months. Leonid’s common funding dimension has grown from $2.1M to $8.3M over the past two quarters. Extra importantly, three-quarters of the businesses during which the agency has invested have practically doubled their top-line income in the course of the transaction interval by utilizing Leonid’s capital to put money into their enterprise to win extra contracts.
FinSMEs
22/11/2024
