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FUNDRAISING NEWS | January 15, 2025
Tags: Private Equity, Fundraising
Dubin Clark reported on January 14 that it raised $200M at the first close of its small business fund, fresh from receiving a license to operate a small business investment company.
The private equity firm said the DC Small Business Fund has already surpassed its target, thanks to support from new and existing investors. In a form D filed with the SEC on January 3, Dubin Clark said the fund had already secured $39.8M from 26 investors since its sale started on December 27, 2024.
The fund will be invested in line with Dubin Clark's strategy of transforming lower-middle-market companies into professionalized and niche market leaders, with a focus on acquiring companies with between $5M and $35M in revenue and a minimum EBITDA of $1M. It will make both equity and debt investments in companies in the specialty services, niche manufacturing, and event rentals sectors.
Written By: Dakota
December 03, 2024
January 15, 2025
January 21, 2025
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Bryn Mawr, PA 19010
Tel: (610) 642-1481
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