FORT WORTH, TX – January 8, 2002 – U.S. Growth Funds Corporation (USGF), (formerly known as KBK Capital Corporation), announced today that it has committed funds to become a founding limited partner in the Jefferson Capital Partners I, L.P. U.S. Growth Fund’s investment commitment may be drawn down by the partnership as and when investment opportunities are added to the portfolio.
Chartered in 2002 as an SBIC, the fund is a $33,000,000 New Orleans-based private equity fund with initial partner’s capital of approximately $11,000,000. The fund’s limited partners include several Louisiana-based independent community banks. The fund specializes in providing equity capital to lower-middle market companies in Texas, the Midwest, and the Southeastern United States and targets basic manufacturing, industrial and consumer products, distribution and service industries.
Jefferson Capital Partners I, L.P. is managed by William J. Harper and Paul F. Giffin who bring 57 years of combined experience in corporate lending, private equity investing, and financial and investment management to the company. To learn more about Jefferson Capital Partners I, L.P., click here.
“U.S. Growth Funds Corporation is excited to be partnering with Jefferson Capital, and we look forward to opportunities to work with Jefferson’s portfolio companies. We firmly believe the strength and experience of Jefferson Capital’s management team will bring success to each of its investments”, commented USGF Chairman Bobby McGee.
USGF is a private equity firm and an equity investor in management and employee buyouts; invests in private equity sponsored buyouts, provides capital directly to private and small public companies. USGF provides capital to fund growth, acquisitions, going-private transactions and recapitalizations.
Jefferson Capital Partners I, L.P.
$33,000,000
A Federally Licensed Small Business Investment Company (SBIC)
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General Partners:
William J. Harper
Paul F. Giffin
Limited Partners:
U.S. GROWTH FUNDS CORPORATION, and
Louisiana independent banking institutions
January 2002
Houston Dallas-Ft Worth Los Angeles St. Louis
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This press release contains forward-looking statements. The statements regarding expected results of U.S. Growth Funds Corporation are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which U.S. Growth Funds Corporation has made investments.
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