Inaugural venture debt fund is oversubscribed
NEW YORK, July 17, 2014 /PRNewswire/ — Multiplier Capital, a venture debt fund with established excellence in growth capital lending, today announced the final closing of its first fund, Multiplier Capital, LP, with investable capital of approximately $227 million. Led by anchor investor Liberty Peak Capital, other investors include a college endowment, a publicly traded bank, family offices, and high net worth individuals in the U.S. and Canada. The fund was oversubscribed.
Multiplier Capital was founded by partners Ray Boone, Ezra Friedberg, Henry “Huck” O’Connor and Kevin Sheehan. Combined, these investment professionals bring almost 80 years and $1 billion of debt transactions experience tailoring value-added debt solutions for more than 100 high-growth companies.
“Our strong capital base and nimble decision-making process consistently provide a solid financing alternative to shrewd company managers,” said Sheehan, managing general partner, “and our venture debt experience offers very attractive risk-adjusted returns to our investors. We are gratified by the strong investor support in establishing Multiplier Capital.”