Founded in 2000 and currently investing out of Fund IV, IBC Funds is a Small Business Investment Company (“SBIC”) licensed by the United States Small Business Administration, and is engaged in providing a broad range of junior capital solutions to established lower middle market companies. Collectively, the investment team at IBC Funds is responsible for investing over $384 million into 106 portfolio companies across a wide range of industry segments, with extensive experience in manufacturing, business services, healthcare services, and consumer products transactions. IBC Funds participates in a variety of transaction structures using a combination of subordinated debt and equity financing, including growth & expansion financings, recapitalizations, and control buyouts.
Fund IV launched in June 2021 with approximately $180 million of investable capital and is actively pursuing opportunities with a target investment size of $5 to $10 million as a sole investor, which can increase up to $30 million for transactions in which IBC Funds leads a syndicated capital raise through our expansive network of co-investment partners. The typical company profile for IBC Funds ranges between $10 to $50 million in annual revenue with operational cash flow greater than $2 million.