Pittsburgh-based Tecum Capital Management has launched its fourth Small Business Investment Company (SBIC) fund, Tecum Capital Partners IV, L.P., securing $325 million in committed capital and receiving its license from the U.S. Small Business Administration (SBA).
The new fund will continue the firm’s strategy of offering mezzanine loans and minority equity investments across various industries, targeting investments between $5 million and $20 million.
Tecum Capital focuses on businesses with EBITDA over $3 million, primarily in the Rust Belt, Midwest, Southeast, and Mid-Atlantic regions. They partner with independent sponsors, family offices, and private equity funds to support recapitalizations, acquisitions, and growth initiatives.
Over the past twelve years, Tecum Capital’s previous funds have contributed to a 42% increase in employee count among portfolio companies. The new fund’s investor base includes existing limited partners and new institutional investors, reflecting strong confidence in Tecum Capital’s investment approach.
KEY QUOTE:
“This fourth SBIC license is a significant milestone for Tecum Capital as it will accelerate our long-term growth plans. This new fund continues our primary investment strategy to provide strategic, long-term debt and equity capital solutions for lower middle market companies.”
Stephen J. Gurgovits, Jr., Managing Partner of Tecum Capital Partners
