Caltius Structured Capital Closes $395M Fund VI
September 8, 2022
Los Angeles, CA, September 2022 – Caltius Structured Capital (“Caltius”) is pleased to announce the closing of its sixth structured capital complex, consisting of Caltius Partners VI (SBIC), LP (“Fund VI SBIC”) and Caltius Partners VI, LP (“Fund VI”) (collectively, the “Fund”). Fund VI SBIC is a Small Business Investment Company licensed by the U.S. Small Business Administration (the “SBA”) and together with Fund VI closed on an aggregate $395 million of capital commitments, including anticipated leverage from the SBA. Fund VI will invest alongside Fund VI SBIC as well as in bespoke independent transactions.
With the success of its prior five funds, Caltius received great interest from both existing and new limited partners. The Fund exceeded the size of Caltius’ most recent prior fund complex with a growing mix of diverse institutional limited partners, regional and national banks, family offices and high net worth individuals.
“We are extremely pleased to have the strong support of our existing and new limited partners,” commented James Upchurch, President and CEO. “Having already funded two new investments in 2022, this sixth fund complex is off to a strong start. We are also seeing a number of promising new investment opportunities come to us as business owners seek out long tenured firms with consistent track records and stable sources of capital such as ours.”
Caltius will continue to apply its strategy of investing both debt and non-control equity into privately held middle market companies across the United States. Caltius specializes in providing innovative non-control junior capital solutions direct to owners and management teams to facilitate a variety of transactions including partner buyouts, management buyouts, passive shareholder redemptions, dividend recapitalizations, acquisitions and growth capital. The firm and its principals have successfully and consistently implemented this strategy since the firm’s inception in 1997.