Summary:
- Tecum Capital Management received a license from the SBA for its fourth SBIC fund, totaling over $325M.
- The firm will continue making mezzanine loans and minority equity investments in various industries.
- Tecum Capital Management focuses on providing financing for commercial enterprises in the Midwest, Southeast, and Mid-Atlantic regions.
Article:
Tecum Capital Management Receives License for Fourth SBIC Fund
Tecum Capital Management, an investment firm based in Pittsburgh, PA, has recently been granted a license by the U.S. Small Business Administration (SBA) to operate its fourth Small Business Investment Company (SBIC) fund. This new fund has reached a total size exceeding $325M, following its fourth closing. The firm’s strategy for this fund includes making mezzanine loans and minority equity investments across a wide range of industries, with an average investment size ranging from $5M to $20M per transaction.
History and Leadership
Originally established as a subsidiary of a bank parent company in 2005, the Tecum Capital team later spun out and formed its first SBIC fund in 2013. The firm’s leadership, including Managing Partner Stephen J. Gurgovits, Jr., along with founding partners Matthew L.T. Harnett and Tyson S. Smith, continue to guide the firm’s operations with a team of 16 employees. Tecum Capital Management specializes in investing in mezzanine debt, subordinated notes, private equity, and other securities issued by small- and medium-sized commercial enterprises.
Focus on Growth Capital Needs
Tecum Capital Management is dedicated to providing financing for various business needs, including recapitalizations, buyouts, generational transitions, mergers and acquisitions, and other growth capital requirements. Headquartered in Pittsburgh, PA, the firm’s geographic footprint extends throughout the United States, particularly focusing on the Midwest, Southeast, and Mid-Atlantic regions. With a strong emphasis on supporting commercial enterprises in these areas, Tecum Capital Management continues to play a vital role in fueling business growth and development.
In conclusion, Tecum Capital Management’s recent achievements and ongoing commitment to providing financial support for small- and medium-sized enterprises demonstrate its dedication to fostering business success and economic growth in key regions across the United States.
