Noble Capital – an Austin-based private equity firm – recently announced the launching of 4 new private equity funds to assist late-stage founders of small to medium businesses in Texas facing the “Founder’s Dilemma.” This dilemma happens when founders come to a fork in the road where they are inevitably faced with the high-stakes choice to either sell, snail, or scale their enterprise.
These new funds were designed to invest in businesses facing these crossroads while partnering with the founders to drive growth and lead the company to a higher level by transitioning to the board. And Noble Capital focuses on investing and growing portfolio companies in 4 specific sectors: real estate alternatives, family office services, mission-critical trades, and business accelerators.
Noble Capital is committed to its brand promise of growing people, capital, and companies. And the private equity funds serve as the latest effort to fulfill this mission by acquiring late-stage businesses that are founder owned and operated. And this offers the founders the chance to take the first step towards succession planning with an initial buyout followed by a fulfilling engagement to join Noble’s private equity leadership to scale the business and share in the ultimate exit on top.
Noble Capital’s SVP of Private Equity John Pruitt added that each fund has a specific investment thesis focused on investing in lower middle market companies within the Texas Triangle region such as Austin, San Antonio, Dallas, and Houston.
The private equity funds have a target raise of $80 million and will be launching this month. As a founder himself, Jadon Newman expressed pride in offering this unique investment opportunity to those who appreciate the journey of successful founders and seek to diversify their portfolio by investing in well-managed businesses located on Main Street, Texas.
KEY QUOTE:
“The Founder’s Dilemma is deeply personal to me as, after 20 years in business, when I was faced with the dilemma, I chose to transform my business and scale. Now these funds will allow us to help other founders scale and finish on top.”
– Noble Founder & CEO Jadon Newman
