Central Valley Fund II launches $100 Million Mezzanine Fund
DAVIS, Calif., June 13, 2012 /PRNewswire/ -- CVF Capital Partners ("CVF"), the manager of the Central Valley Fund, today announced the closing of its mezzanine fund, Central Valley Fund II ("the Fund"). The Fund has over $100 million of total committed capital which they will deploy as mezzanine debt and equity capital to the lower-middle market. CVF will invest the Fund across a broad range of sectors and geographies, with a particular focus on California and the Central Valley.
The Fund's size and scale allows it to focus on the underserved lower middle market, while its flexible structure enables CVF to be creative in solving a company's particular capital needs. With its proven expertise in deal origination, credit selection and structuring, CVF is consistently selected as a partner of choice by companies, banks, and private equity firms seeking mezzanine capital for acquisitions and other important strategic initiatives.
Thus far, CVF has deployed or committed over $50 million in California companies since 2006, including financing for several Central Valley businesses for acquisitions, expansion or recapitalizations. The principals of CVF bring broad expertise to this market, having collectively deployed close to $800 million into middle market transactions over the last 25 years into mezzanine financings.
Brad Triebsch, Principal and Co-founder of CVF, said, "We appreciate this extraordinary vote of confidence from our investors. We look forward to seeking opportunities to invest this capital in first-class companies while continuing our consistent track record of strong investment returns for our Limited Partners and their constituents." Triebsch continued by saying, "We have a healthy pipeline of opportunities and look forward to putting this additional capital to work by continuing to partner with private equity sponsors, commercial banks and management teams to support their objectives."
The Fund will provide flexible junior capital and will target companies with at least $10 million in revenue and $2 million of cash flow. The Fund will consider investments in business services, government services, industrial services, education, healthcare, logistics, niche manufacturing and value-added distribution companies. Ed McNulty, a CVF Principal, mentioned, "We have a successful track record as patient, long-term investors committed to working closely with sponsors and company management teams to create stable capital structures and optimal investment outcomes for all parties."
About The Central Valley Fund
The Central Valley Fund was established to finance later stage growth through mezzanine and preferred equity investments in lower-middle market businesses. The fund has offices in Davis, CA and Fresno, CA. CVF is focused on making investments in California's Central Valley and throughout the U.S. Southwest. For more information, please visit www.centralvalleyfund.com.
For more information contact:
Jose Blanco, PhD
Principal
CVF Capital Partners
[email protected]
530-757-7004 ext. 227
SOURCE The Central Valley Fund
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