First Capital Partners, LLC, an Omaha, Nebraska-based investment firm, has closed on a $91m fund.
Investors include First National Bank of Omaha, which committed $30m, and other backers, a majority of which are based in Nebraska.
FCP Fund II, L.P. will make subordinated (mezzanine) debt and private equity investments in privately-owned companies with revenues between $10m and $100m.
Founded in 2006 as an investment subsidiary of First National of Nebraska, Inc., First Capital Partners invests in companies that require long term funding beyond what can typically be obtained from a commercial bank. It supports major growth initiatives, management buyouts of existing owners or corporate acquisitions, diversifying its investments across industries, with most of its investments focused on manufacturing, business services or distribution companies.
Senior managers of First Capital Partners, including David McLeese, Wesley Hampp, Young Park and Andrew Kemp, acquired majority ownership of the firm, which is now managed independently from First National of Nebraska, Inc. and First National Bank of Omaha.
First Capital Partners was recently awarded a license by the U.S. Small Business Administration to operate FCP Fund II, L.P. as an unleveraged Small Business Investment Company (SBIC).