Bluehenge Capital Obtains Small Business Investment Company License for Fund II with Initial Closing of More Than $180MM in Commitments
Bluehenge Capital Partners (Bluehenge) is pleased to announce it has obtained its Small Business Investment Company (SBIC) License and conducted its initial closing of Bluehenge Capital SBIC II, LP (Fund II) on May 10, 2022. Bluehenge has raised funding commitments to date of more than $180 million for its latest fund, bringing total assets under management to more than $360 million.
Bluehenge has received tremendous support from its Fund I investor base, with approximately 70% of its latest capital raise coming from returning investors. David Kocen, Managing Partner of Bluehenge, said, “We are thrilled to have closed our next SBIC fund with so much support from our existing partners.”
Continuing its commitment to companies and communities in rural and underserved areas, Bluehenge’s investment strategy for Fund II focuses on debt and equity investments in businesses across a wide range of industries. “Bluehenge has a long history of providing flexible capital to lower middle-market businesses,“ noted Nemesio J. Viso, Managing Partner of Bluehenge. “This new fund provides us with the resources to support more companies within our growing national footprint.”
Commerce Street Capital, LLC was engaged as the placement agent for Fund II. Commerce Street Capital, LLC (Member FINRA/SIPC) is a broker-dealer whose services include: Mergers & Acquisitions, Recapitalizations, Private Placement of Debt & Equity, Regulatory Advisory, Valuations & Fairness Opinions, Community Bank Capital Markets Services, Small Business Investment Company (“SBIC”) Fund Raising, Corporate & Real Estate Finance, Due Diligence Services. For additional information, please visit commercestreetcapital.com.