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LNC Partners Closes $300 Million Fund II
Reston, VA (December 9, 2019) – LNC Partners, a Virginia-based private equity fund, announced the final closing of its second investment fund, LNC Partners II – SBIC, L.P. (“LNC II” or the “Fund”) with total commitments at the Fund’s hard cap of $300 million (including leverage). The Fund will operate as a licensed Small Business Investment Company, and continue LNC’s successful investment strategy of providing equity and debt capital to high quality smaller enterprises with an emphasis on management and founderowned businesses. The Fund has already completed an investment in Prime Capital Investment Advisors, LLC.
LNC II was oversubscribed and received strong support from both existing and new investors, including a diverse group of financial institutions, fund of funds, university endowments, family offices, and high net worth individuals. With the closing of the Fund, LNC Partners now manages total commitments in excess of $500 million.
“We credit LNC’s success to our experienced investment team and we are thankful for the strong support and commitment we received from our investors,” stated Mark Raterman, Co-Founder and Managing Partner of LNC Partners. He added, “LNC II will continue to be a partner of choice for lower middle market, high quality companies seeking flexible capital alternatives.”
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