Leonid Capital Partners, a leading investment firm focused on high-growth technology companies working in the national security industry, announced it has surpassed its 2024 fundraising goals, with its evergreen fund now topping over $265 million in assets under management (AUM). And the firm is experiencing accelerating growth and has advanced over $125 million to borrowers this year.
Leonid carved out a unique niche by accepting government contracts as lendable assets, providing early-to-mid-stage companies with critical non-dilutive growth capital. The firm’s founders utilize their financial and industry expertise to structure flexible financing solutions that meet the distinctive needs of scientists, engineers, and innovators developing impactful technologies in support of the national security mission.
Leonid’s average investment size grew from $2.1 million to $8.3 million over the last two quarters. More importantly, three-quarters of the companies in which the firm has invested nearly doubled their top-line revenue during the transaction period by using Leonid’s capital to invest in their business to win more contracts. Plus, over 40% of these companies return to Leonid for additional capital based on new contract awards.
Leonid has donated half of its after-tax profits to organizations that support military families and veterans since day one. Causes such as the Children of Fallen Patriots, Warrior Canine Connection, the Special Operations Association of America, and the Gary Sinese Foundation are core to Leonid’s strategy. The firm aims to make a difference and is committed to continuing this effort as the business grows.
Launched in 2019, Leonid is a specialized credit provider for businesses working on government contracts for highly technical engagements in software, biotech, and engineering. Leonid’s investments support various contract types designed by the U.S. federal government to encourage research, service, and product solutions for critical areas of need.
KEY QUOTES:
“This milestone marks a belief in our work and the continued demand for credit investment among companies that do mission critical and groundbreaking work across the government ecosystem. We are deeply passionate about our country’s security and believe in fueling a resurgence of government innovation by fusing connections between the private and public sectors.”
– Chris Lay, Co-Founder of Leonid Capital Partners
“Our increasing deal size and an expanding list of borrowers are excellent metrics for a private credit investment manager. But seeing our borrower grow their government business and provide increasingly cutting-edge capabilities and services to members of the military – that’s what matters to me as an American. We are successful when our clients are successful, and we believe we’re well positioned to continue advancing our goal of being the preferred lender for companies at the forefront of innovation in government and defense technology.”
– James Parker, Co-Founder of Leonid Capital Partners
