The Blaine Group, Inc.
A Total Communications Agency
8665 Wilshire Blvd., Suite #301, Beverly Hills, CA 90211
310/360-1499 · 310/360-1498 FAX · E-mail: firstname.lastname@example.org
FOR IMMEDIATE RELEASE: July 14, 2008
FOR FURTHER INFORMATION, CONTACT:
The Blaine Group
310.360.1499 Fax: 1498
CAL CAP PARTNERS: VENTURE DEBT WITH A VENTURE EQUITY MENTALITY
Newport Beach, CA… Venture debt is growing. According to VentureOne, venture lenders loaned almost $2 billion in 2006, up from $434 million in 2002. Debt comprised 7% of the funds invested in U.S. venture-backed companies in 2006, up from 2% in 2002. Most venture debt transactions tend to be completed by ex-bankers who have, by their training, a commodity approach to the deal.
That’s where California Capital Partners LLC (CalCap), a venture capital firm focused on small- to medium-sized technology and life sciences companies, differentiates itself. CalCap’s two debt funds(California Capital Investors and California Ventures Debt Fund) provide venture lending with an equity mindset of venture capitalists; that is, rather than do a deal and remain aloof (like bankers often do), they remain actively involved, trying to add value to their portfolio companies.
This is because CalCap’s managing directors – industry veterans Mark Mansfield, John R. Nelson and Philip B. Smith – have a cumulative 75 years of senior management and investment experience. They have completed over 300 capital transactions totaling over $2 billion, and have produced top decile returns in their industry for investors. The firm’s investment activities are located strategically in Los Angeles, Toronto, Silicon Valley, San Diego, New York, and Vancouver.
More information on CalCap can be found at www.calcappartners.com