Tecum Capital Partners III, L.P. is a $300 million SBIC fund that focuses on making mezzanine debt, minority equity, and opportunistic control equity investments. We are currently investing out of Fund III (2021 vintage), which represents a continuation in strategy and focus of its predecessor funds, Fund II (2017 vintage) and Fund I (2013 vintage). Fund II successfully deployed over $265 million in 28 companies. Fund I, which operated under the namesake FNB Capital Partners, L.P., successfully deployed over $180 million in 26 companies. Prior to Fund I, Tecum’s founding partners invested over $55 million in capital as a merchant banking subsidiary of a regional bank. Combined, Tecum has completed over 135 platform and add-on acquisitions.
EBITDA: Between $3 to $10 million
EBITDA Margin: Greater than 10%
Gross Leverage: Less than 4.0x EBITDA
Geography: Primary operations in the U.S.
Hold Period: Up to seven years
How we create value via mutually beneficial transitions
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