Vopne Capital, a San Francisco based private investment firm, has launched its first fund, Vopne Capital Fund I, with USD20m of equity capital.
Vopne Capital is focused on acquisitions, recapitalisations and financings of companies in the lower middle market, businesses with EBITDA of USD1m to USD5m.
“We’re excited to launch the fund,” says Jim Bloom, managing partner at Vopne Capital. “The lower middle market contains great companies whose access to capital is limited. Vopne Fund I provides us with dedicated capital for small business owners looking to sell, recapitalise or transition ownership of their company.”
Vopne is actively seeking investment opportunities in manufacturing, healthcare, industrial and business services. Vopne targets transactions requiring total capital – equity and debt – of USD5m to USD25m.
Prior to founding Vopne, Bloom was a principal at Tinicum Capital Partners, a USD1.5bn private investment fund. Before Tinicum, he held senior management positions in operations, sales, marketing and strategy, including head of strategy and business development and member of the buyout management team at FEI Women’s Health (acquired by Barr Laboratories), head of sales and marketing at ShareBuilder (acquired by ING Direct), director of operations at ADAC (acquired by Philips), and a consultant at Bain & Company.
