Leeds Novamark Management, a Reston, VA-based provider of flexible capital solutions to lower middle market companies, closed its first fund, at over $236m.
Limited Partners in Leeds Novamark Capital I include both individual and institutional investors, regional and national banks, endowments and family offices.
Structured as a Small Business Investment Company (SBIC) and led by Managing Partners Robert Monk, Mark Raterman and Matt Kelty, Leeds Novamark Management typically invests between $5m and $20m per transaction in the form of unitranche senior debt, subordinated debt, or equity and targets high-quality businesses with EBITDA of at least $2m.
The firm has investment experience in business services including insurance, information, software/SaaS, healthcare and corporate training. Other areas of interest include niche manufacturing, value added distribution and consumer products.