Boathouse Capital Announces the Formation of its First Fund

Boathouse Capital, the mid-Atlantic region's newest middle market mezzanine debt fund, is very pleased to announce the start of its investment operations. Boathouse has been formed by Ken Jones, Bill Dyer, Steve Gord and Chong Moua, a team of investment professionals that has deployed over $1 billion of middle market capital together since 2001. Boathouse is actively seeking new opportunities and will consider investments up to $15 million.

The U.S. Small Business Administration ("SBA") has granted Boathouse its license to operate as a Small Business Investment Company ("SBIC"). SBIC funds in the SBA's Debenture Program can draw leverage from the SBA up to two times the amount of the SBIC's committed private capital.

Boathouse will be making mezzanine debt and non-control equity investments in top quality, later-stage businesses. The Fund's investments will be in connection with management-led buyouts, acquisitions, recapitalizations or business expansion.