JB Capital L.L.C., a Bellevue, WA—based merchant bank, has launched its Merchant Banking Fund, seeking to raise a minimum of $100m.
The fund will offer flexible capital in a wide variety of structures including senior, mezzanine, preferred and uni-tranche.
Founded by Managing Partner Jeremy Hill in 2003, JB Capital is a merchant bank offering responsive, creative capital solutions to privately held, middle market companies and small corporate borrowers across the U.S. The firm will target mid-term investments, focusing on 1-3-year terms.
It seeks to serve as lead/sole investor in its clients’ tranches, providing additional value as an active participant in the direction of the portfolio company through board or advisory capacity.