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Stonegate attracts venture capital from Second Curve Partners

Stonegate Mortgage Corporation has received an equity investment from Second Curve Partners, an Indianapolis based private equity firm.

Stonegate has grown to over 100 employees since 2005 and is ranked as one of the largest mortgage lenders in the State of Indiana.

”We invest in companies that have a solid business model, strong management teams and the opportunity for exponential growth – Stonegate meets all three,” says Scott Mumphrey, principal with Second Curve Partners. “In fact, Stonegate has grown and been profitable during one of the most challenging economic periods in our history, particularly for the mortgage industry.”

“You hear a lot about life sciences and technology here in Central Indiana; these industries are very popular with venture capital (private equity) investors. The fact is that our performance, technology and management team matches up very well with the companies you typically hear about in the local press. If we were a part of the life sciences or technology industry, people would be talking about us,” adds Jim Cutillo (pictured), president and chief executive of Stonegate.

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