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T-street Capital completes spinout of private equity fund and raises new USD75m fund

T-street Capital (T-street) has completed the spinout of a private equity portfolio from a publicly traded commercial bank. T-street acquired the private equity holdings from the bank’s affiliated small business investment company fund and has raised a new USD75.0 million committed fund to continue its focus on growth equity investments. 

Dale L Cheney, one of the managing partners of the bank’s small business investment company fund, will continue as the managing general partner of T-street Opportunity Fund I (Fund I).

The Limited Partners in Fund I are led by sophisticated institutional investors, Committed Advisors and Timber Bay Partners. Cheney says: “We are grateful for the strong support from our investor base and look forward to delivering strong returns as we grow the portfolio.”

T-street will continue the strategy of providing a flexible and tailored equity solution to high-growth, entrepreneur-owned companies in the consumer products and specialty manufacturing sectors. 

Cheney says: “We prefer to work with entrepreneurs because they have tremendous passion and great vision. Every successful entrepreneur has a unique story that we admire, and we can be supportive in building a platform for accelerated expansion without compromising the core values of the company.”

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