LongueVue Capital, a New Orleans-based private equity firm, has held the final close of a fund with up to $175m which recently received approval for licensure from the U.S. Small Business Administration to operate as a Small Business Investment Company (SBIC).
Investors in LongueVue Capital Partners II, L.P. include high net worth entrepreneurs, family offices and financial institutions.
The fund will make private equity and debt investments in lower middle market companies across a variety of industries. It focuses on growth-oriented businesses generating up to $100m of annual revenue, taking both control and non-control positions, providing capital for buy-outs, recapitalizations, acquisitions, and growth.
Led by co-founders and managing partners John McNamara and Rick Rees, LVC has additional offices in New York and Salt Lake City.