by admin | April 18, 2013 7:17 pm
ADVANTAGE CAPITAL PARTNERS HITS 500 INVESTMENTS MILESTONE
Two Decades of Funding Small Businesses, Driving Private Sector Job Creation
ST. LOUIS, April 18, 2013 – Advantage Capital Partners, a leading venture capital and small business finance firm, is proud to announce that the firm has achieved a significant investment milestone this spring. To date, Advantage Capital and its small business lending division BizCapital (http://www.biz-capital.com/) have collectively invested $1.4 billion in a total of 500 unique companies over the course of the last 20 years, producing more than 24,000 permanent, private sector jobs.
“We fund small businesses through innovative public-private partnerships, bringing much-needed private capital to underserved communities, expanding entrepreneurship and driving small business growth and job creation in places that need it the most,” said Advantage Capital president Steven Stull. “We are extremely proud that two decades of hard work by our team of professionals and our partners has led us to this impressive achievement.”
Over the past twenty years, Advantage Capital and BizCapital have collectively:
• Invested $1.4 billion in 500 small businesses;
• Helped to create and retain more than 24,000 permanent jobs;
• Facilitated the flow of $8 billion in follow-on capital into the companies and regions where Advantage Capital invests.
Advantage Capital Partners is among the top investors under the federal New Markets program administered by the U.S. Treasury, and is also a leading participant in a number of state-level economic development incentive programs, including state New Markets programs in Missouri, Louisiana and Florida, among others. The goal of these initiatives is to drive private capital into small businesses by attracting long-term investors to a state’s low-income communities, promoting new expansion, creating new job opportunities and building on existing growth.
“We are proud of our firm’s leadership in fostering entrepreneurs and creating good jobs in underserved communities across the country,” noted senior managing director Scott Zajac.
About Advantage Capital Partners
Advantage Capital Partners is a leading venture capital and small business finance firm focused on providing growth capital and other investments supporting state and local economic development efforts. The firm’s typical forms of investment include venture, expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending. With offices and partners in New Orleans, St. Louis, Chicago and other U.S. cities, Advantage Capital has invested more than $1.4 billion since 1992. The firm invests in small businesses located in geographic areas underserved by traditional capital and in companies in a wide range of industries.
Source URL: http://www.advantagecap.com/advantage-capital-hits-500-investments-milestone/
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