Leonid Capital Partners, a Huntington Beach, CA-based credit provider focused on high-growth technology companies working in the national security industry, announced that its evergreen fund now tops more than $265M in assets under management.
Founded in 2019 and led by Chris Lay and James Parker, Leonid is a specialized credit provider for businesses working on government contracts for highly technical engagements in fields such as software, biotech, and engineering. Its loans support a wide variety of contract types designed by the U.S. federal government to encourage research, service, and product solutions for critical areas of need.
The firm accepts government contracts as lendable assets, providing early-to-mid-stage companies with critical non-dilutive growth capital.
The firm has advanced over $125M to borrowers this year. Leonid’s average investment size has grown from $2.1M to $8.3M over the last two quarters. More importantly, three-quarters of the companies in which the firm has invested have nearly doubled their top-line revenue during the transaction period by using Leonid’s capital to invest in their business to win more contracts.
FinSMEs
22/11/2024