RF Investment Partners Announces Final Close of Inaugural Fund
July, 11 2018
RF Investment Partners SBIC, LP (“RF” or the “Fund”) is pleased to announce that it has obtained its Small Business Investment Company license and successfully held a final close. The Fund has a total of $252.3 million in capital available (including private capital closed and projected SBA leverage). The Fund was oversubscribed and exceeded its size target.
“We are incredibly grateful for the support of the Small Business Administration and our limited partners in successfully closing our inaugural fund. RF is fortunate to have a diverse and distinguished investor base which includes leading university endowments, institutional investors, insurers, commercial banks and high net worth individuals, including numerous former portfolio company executives,” said Peter Rothschild, Co-Founder and Managing Partner of RF.
“With fundraising now complete, we are eager to grow our portfolio, currently consisting of three investments, and prudently deploy the Fund’s capital in support of compelling, growth-oriented lower-middle-market companies in attractive, niche industries. We pride ourselves on taking a partnership approach to investing and tailoring capital structures to meet the unique needs of each business and situation, as no two transactions are alike. Our flexibility positions RF as a true partner for business owners, management teams, independent sponsors, and search funds,” added Peter Fidler, Co-Founder and Managing Partner of RF.
About RF Investment Partners
With offices in New York and Chicago, RF Investment Partners invests $5 million to $20 million to support leading lower middle market companies with $2 million to $10 million of EBITDA across the United States. RF partners with closely held businesses in a variety of situations, including acquisition financing, growth capital investments, majority/minority recapitalizations, refinancings, and management buyouts. RF has a highly flexible mandate and structures each deal to meet the distinct needs of each company and situation. RF typically invests a combination of flexible debt (unitranche or subordinated debt), alongside a preferred or common equity investment and pursues both minority and majority positions.