Tecum Capital Management, a Pittsburgh, PA-based funding agency, acquired a license from the U.S. Small Enterprise Administration (SBA) to function its fourth SBIC (Small Enterprise Funding Firm) fund and not too long ago held its fourth closing for the brand new fund, bringing the full fund measurement over $325M.
It would proceed the methods of its prior SBIC funds by making mezzanine loans and minority fairness investments throughout many industries. The typical funding measurement for the brand new fund might be $5M to $20M per transaction.
Initially launched as a wholly-owned subsidiary of its former financial institution dad or mum firm in 2005, the Tecum Capital group spun out and fashioned its first SBIC fund in 2013. Together with Stephen J. Gurgovits, Jr., Managing Associate, the agency’s authentic founding companions embrace Matthew L.T. Harnett and Tyson S. Smith, all of whom proceed to offer management to Tecum Capital’s 16 staff.
Tecum Capital Administration is a non-public funding agency, which invests in mezzanine debt, subordinated notes, non-public fairness and different securities issued by small- and medium-sized industrial enterprises. The agency is targeted on offering financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions, and different development capital wants. Tecum Capital is headquartered in Pittsburgh, PA, with a geographic footprint that extends throughout the US, with a give attention to the Midwest, Southeast, and Mid-Atlantic areas.
FinSMEs
25/07/2025
