CapX Reaches $100 Million in 2014
We are pleased to announce our most successful year yet, closing $100 million in new commitments by the close of our 2014 fiscal year, lending to 11 new portfolio companies plus 6 follow-up financings to achieve most successful year in the company’s history.
“CapX found equal opportunities to deploy its capital in to both growth and liquidity need businesses in 2014,” stated Jeffry Pfeffer, Managing Partner. “We have been very pleased with the overall health of middle market business. While 2014 was a banner year for new asset generations, we aim to help more U.S. small to mid-sized companies and deploy the remainder of our current fund in 2015.”
Client companies obtaining financing are well diversified across a wide range of industries and needs. The energy business was well represented with a $12MM venture loan to clean energy battery manufacturer Aquion Energy and a $6MM lease to oilfield service provider All Around Roustabout. Technology companies were also strongly represented, with Digital Ocean receiving a $10MM lease. Manufacturing remained strong in 2014 with companies such as Gro-Well receiving $5.5MM in growth capital to support their organic lawn and garden product business.
CapX has completed over 200 transactions since its start in 1999. It has raised four funds and has partnered with over 60 private equity firms.
In 1999, Jeff co-founded CapX and is the firm’s Managing Partner. His responsibilities include firm management, leading new business development, and serving as CFO for CapX.
Jeff has over three decades of small to midsize business finance experience focusing on delivering superior risk-adjusted returns to CapX’s investors. He co-founded the firm during an investment vintage when alternative secured financing strategies were deemed not “sexy.” He and his partners raised over $450...