Bringing you live news and features since 2006 

Tecum Capital launches equity control fund


Tecum Capital has launched a new control equity buyout platform, Tecum Equity Partners III.

The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions.
The nature of the platform allows for a longer term time horizon and a business friendly approach to ownership transitions and successions.
“Partnering with Western Allegheny adds a new dimension to our investment focus and an additional stable source of capital for our team,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “As a family office platform, we have no specific investment horizon and can take a long-term approach to building value in the companies we acquire.”
The target size investment for Tecum Equity Partners III is lower and middle-market companies with an annual cashflow of USD2 million to USD7 million, with flexibility to consider other opportunities.
“Our family office and extended network offers significant operational experience in the industrial, manufacturing and distribution sectors,” says Gurgovits. “We’ll leverage that expertise to provide strategic guidance and operational improvements to our portfolio companies.”
Tecum Equity Partners III will generally invest USD5 million to USD20 million per investment with the ability to take larger amounts as necessary. This entity will work separately from Tecum Capital Partners II, the newly launched USD225 million SBIC fund, which provides mezzanine debt financings and minority equity capital.
Tecum Capital is a multi-strategy investment group, focused on investments in the Midwest, Southeast and Mid-Atlantic regions. It supports independent sponsors, family offices, private equity funds and management teams to facilitate recapitalisations, buyouts, generational transitions, acquisitions, and other growth capital needs.

Latest News

Invesco’s Paul Syms, Head of EMEA ETF Fixed Income and Commodity Product Management, has commented on the gold price, saying:..
Everysk, a provider of customisable, no-code, low-code intelligent automation solutions, has been chosen as a strategic partner of Dynamic Beta..
Rize ETF has listed its new Rize Circular Economy Enablers UCITS ETF (CYCL) on the London Stock Exchange (LSE) and..
DWS has launched a new Xtrackers ETF based on European Nordic equity markets, aligned with the goals of the 2015..

Related Articles

Stephanie Miller Pierce, BNY Mellon
The three-year anniversary of BNY Mellon Investment Management’s launch of ETFs was marked by the quarter one growth of 172...
South Korea Flag
The overall trend in retail subscriptions to mutual funds in Korea is shifting gradually toward ETFs, as exchange-traded offerings have...
“The beauty of ETFs is that you can have effectively a rules-based strategy at low cost” says Laurent Kssis, head...
Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by