San Francisco-based investment firm Vopne Capital has launched a $20m fund, which will focused on the lower mid-market.
The firm will make equity and debt investments of $5m to $25m in the manufacturing, healthcare, industrial and business services sectors, targeting businesses with an EBITDA of $1m to $5m.
The firm is led by managing partner Jim Bloom, who previously worked as a principal at Tinicum Capital Partners, a $1.5 billion private investment fund.
Bloom has also served as head of strategy and business development a member of the buyout management team at FEI Women’s Health and as head of sales and marketing at ShareBuilder Corp.
Bloom said, “The lower middle market contains great companies whose access to capital is limited.
“Vopne Fund I provides us with dedicated capital for small business owners looking to sell, recapitalize or transition ownership of their company.”
Similar sized vehicles include angel investor Pejman Nozad’s Pejman Mar Ventures fund, which was launched in August this year.
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