LongueVue Capital Closes $175 Million Private Investment Fund
New Orleans-based Private Equity Fund Announces Final Closing of Second Fund
New Orleans (March 20, 2012) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, today announced the final closing of LongueVue Capital Partners II, L.P. (“LVC II”), a private fund with up to $175 million of capital available to make private equity and debt investments in lower middle market companies.
LVC II focuses on growth-oriented businesses generating up to $100 million of annual revenue and seeks to partner with strong management teams across a variety of industries. LVC’s principals work closely with management partners to create value by implementing growth strategies and driving operational improvements. LVC takes both control and non-control positions, providing capital for buy-outs, recapitalizations, acquisitions, and growth.
“We are delighted to announce the closing of LVC II and are grateful for the confidence placed in us by our limited partners,” said Rick Rees, Co-founder and Managing Partner of LongueVue Capital. “Our success in fundraising is reflective of our disciplined investment process, strong track record in the lower middle market, and highly experienced investment team. We look forward to leveraging our experience and prior success to identify attractive investment opportunities for LVC II and build great companies.”
“We are hands-on investors, leveraging our team’s decades of investing and operating experience to help small businesses reach their value potential,” said John McNamara, Co-founder and Managing Partner of LongueVue Capital. “In LVC II, we have the flexibility to provide financings across the capital structure and will carefully evaluate debt and equity opportunities using our situation-driven, value oriented approach. We plan to deploy our capital alongside proven management teams in businesses with compelling value propositions.”
Investors in LVC II include high net worth entrepreneurs, family offices and financial institutions. A portion of LVC II’s $175 million of available capital will be accessed through the U.S. Small Business Administration’s (“SBA”) Small Business Investment Company (“SBIC”) Program. Recently, LVC II received approval for licensure from SBA to operate as an SBIC.
The SBIC Program was established in 1958 by Congress to stimulate long-term investment in American small companies and has provided funding to over 100,000 businesses, including well-known names such as Apple Computer, Federal Express, Callaway Golf, Costco, and Outback Steakhouse.
About LongueVue Capital:
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 18-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, our team is the ideal partner for middle market companies at inflection points and seeking to maximize value.
Our opportunistic investment strategy provides the flexibility to partner with attractive businesses across a variety of industries and situations, and we tailor transaction structures to meet the company and stakeholders’ objectives. While we are selective with our investment strategy, we target growth-oriented companies with scalable, sustainable business models and exceptional leadership teams.
Our proactive, hands-on approach enables us to be thoughtful stewards of our portfolio companies and trusted and dependable strategic partners to all stakeholders. Together with our entrepreneur and management team partners, we help create superior value for our portfolio companies and investors.
To learn more about LongueVue Capital, please visit our website at www.lvcpartners.com.
For inquiries, please contact ccox@lvcpartners.com or call 504.293.3600.