- Blue Delta Capital Partners announced recently that it closed $150 million for Fund II — which was over-subscribed and raised in less than four months
Blue Delta Capital Partners recently announced that it closed $150 million for Fund II, which was over-subscribed and raised in less than four months.
“We are excited to announce our newest fund, which has attracted a world-class institutional investor base,” said general partner Mark Frantz. “We are humbled and flattered to have received an exceptional response from the marketplace during this raise.”
Blue Delta started in late 2009 to fill a void in the marketplace and it provides equity capital to entrepreneurs who want to grow their businesses
“To be over-subscribed, even on our hard cap, is a testament to the companies we have been privileged to invest in and help grow. Our investing approach of properly aligning our incentives with those of the management teams that we back has created dynamic partnerships that have helped build a number of great companies,” added general partner Kevin Robbins.
The target for Fund II was initially set at $125 million.
And this new fund will follow the firm’s strategy of growth stage venture capital investments (non-controlling ownership positions) in the U.S. Government Services sector.
“We were able to quickly assemble our 3rd pool of capital given our well-defined track record of successfully partnering with leading entrepreneurs in Government Services to produce superior results for all shareholders in the companies that we back, and we are already putting this fund to work with new $10 to $30 million growth stage venture capital investments in the sector,” explained general partner Phil Nolan.
The Blue Delta team features a deep team with decades of proven experience in both C-suite operational roles and venture capital investing. And the company strives every day to deliver value beyond its capital to the companies with which they partner.
“The depth of our team’s operating and venture capital investing experience makes us a unique partner for leading Government Services companies in the region and across the nation. Amongst the investment team and the Advisory Board, we have founded almost a dozen companies in the sector, served as CEO or CFO/COO of over a dozen companies in Government Services and we have created tens of billions of shareholder value from the dozens of M&A and IPO exits we have been involved in,” commented general partner David Keffer.
Aaron Velli of Cooley LLP serves as fund counsel.
