Spring Capital is pleased to announce the closing of Spring Capital Partners IV, L.P. (“SCP IV” or the “Fund”), a $250 million fund focused on making subordinated debt and minority equity investments in privately-held middle market businesses. Since its founding in 1999, Spring Capital has managed over $600 million in junior capital funds.
“With the closing of SCP IV, we are excited to continue our mission of supporting small business growth throughout the United States by employing investment strategies that have driven Spring Capital’s success since its founding over 20 years ago,” said Jay Acker, General Partner. Co-Founder and General Partner Bob Stewart added, “We are especially grateful for the continued support of our limited partners, including many who have invested in multiple funds since our founding, as well as our first-time investors in Fund IV.”
SCP IV will seek to invest subordinated debt and equity in growing middle market businesses throughout the United States. The Fund will typically invest between $3 and $20 million per portfolio company and can lead or participate in investments greater than $20 million with partners and co-investors.