SBICs provide equity capital, long-term loans, debt-equity investments and management assistance to small businesses.
SBIC Investment and Financing Companies Located in Minnesota
AAVIN Equity Partners I, L.P.
Daryl Erdman
2500 Rand Tower
Participating Securities and Commitments
Minneapolis, MN 55402
Phone: (602)375-9966 Fax: (319)363-9519
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Affinity Ventures III, L.P.
Robin M. Dowdle, Contact
901 Marquette Avenue, Suite 1810
Minneapolis, MN 55402
Phone: (612)252-9897 Fax: (612)252-9863
Email: rdowdle@affinitycapital.net
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Agio Capital Partners I, L.P.
Kenneth F. Gudorf, President & CEO
Interlachen Corporate Center
5050 Lincoln Drive, Suite 420
Edina, MN 55436-
Phone: (952)938-1628 Fax: (952)933-6066
Email: KUMassey@AOL.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000
TYPE OF CAPITAL PROVIDED
Equity
FUNDING STAGE PREFERENCE
Growth
MBO
Acquisition
INDUSTRY PREFERENCE
Manufacturing
Distribution
Services
GEOGRAPHIC PREFERENCES
Midwest
DESCRIPTION OF FIRM'S FOCUS
Private investment partnership making
equity investments of up to $5.0 million
in a wide variety of companies with a
primary interest in management buyouts
within the manufacturing, distribution, and
service sectors.
Bayview Capital Partners, L.P.
Cary Musech, Manager
641 East Lake Street, Suite 230
Wayzata, MN 55391
Phone: (952)345-2000 Fax: (952)345-2001
Email: cmusech@bayviewcap.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Convergent Capital Partners I, L.P.
John Mason, Keith Bares
5353 Wayzata Boulevard,
Suite 205
Minneapolis, MN 55416
Phone: (952)595-8102 Fax: (952)595-8113
Email: kbares@cvcap.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Dougherty Opportunity Fund II, L.P.
James A. Bernards, Contact
7200 Metro Boulevard
Edina, MN 55439
Phone: (952)831-6499 Fax: (952)831-1219
Email: jimb@sbbsl.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Medallion Capital, Inc.
Tom Hunt, President
3000 W. County Road 42, Suite 301
Burnsville, MN 55337-4827
Phone: (952)831-2025 Fax: (952)831-2945
Email: mvannelli@medallioncapital.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $5,000,000
TYPE OF CAPITAL PROVIDED
Senior Debt
Subordinated Debt
FUNDING STAGE PREFERENCE
Acquisition
MBO
Later Stage
Bridge Loans
INDUSTRY PREFERENCE
Communications
Technology
Manufacturing
Services
GEOGRAPHIC PREFERENCES
Midwest
National
DESCRIPTION OF FIRM'S FOCUS
Milestone Growth Fund, Inc. (SSBIC)
Esperanza Guerrero-Anderson, President
401 Second Avenue South, Suite 1032
Minneapolis, MN 55401
Phone: (612)338-0090 Fax: (612)338-1172
Email: tanderson@milestonegrowth.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $300,000
Preferred Max: $500,000
TYPE OF CAPITAL PROVIDED
Loans
Loans w/Warrants
FUNDING STAGE PREFERENCE
Expansion
Early Stage
Later Stage
INDUSTRY PREFERENCE
Diversified
GEOGRAPHIC PREFERENCES
Minnesota
DESCRIPTION OF FIRM'S FOCUS
To provide long-term, high-risk financing
to minority-owned businesses. Will
participate in National deals.
Piper Jaffray Healthcare Capital L.P.
Lloyd (Buzz) Benson, Manager
800 Nicollet Mall, Suite 800
Minneapolis, MN 55402-7020
Phone: (612)303-5686 Fax: (612)303-1350
Email: maureen@piperventures.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $750,000
Preferred Max: $1,500,000
TYPE OF CAPITAL PROVIDED
Equity Only
FUNDING STAGE PREFERENCE
Early Stage
Later Stage
Expansion
INDUSTRY PREFERENCE
Medical
Healthcare
GEOGRAPHIC PREFERENCES
National
DESCRIPTION OF FIRM'S FOCUS
Piper Jaffray Healthcare Fund III, L.P.
Lloyd (Buzz) Benson, Ken Higgins
800 Nicollet Mall, Suite 800
Minneapolis, MN 55402-7020
Phone: (612)303-5686 Fax: (612)303-1350
Email: maureen@piperventures.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
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