The year in review. 2020 was quite a year!
November 30, 2020
GMB Capital Partners, a private credit and equity investment firm, is pleased to announce the final close of GMB Mezzanine Capital IV and second close of GMB Mezzanine Capital IV – Parallel.
Minneapolis, MN – GMB Capital Partners (“GMB”) is pleased to announce closings for its fourth and fifth middle-market focused, direct credit investment funds, GMB Mezzanine Capital IV (“GMB IV”) and GMB Mezzanine Capital IV – Parallel (“GMB IV Parallel”). GMB IV is licensed by the U.S. Small Business Administration as a Small Business Investment Company—the fourth fund formed and managed by GMB. GMB IV Parallel, 2020 vintage, will invest alongside GMB IV as well as in bespoke independent deals.
GMB exceeded its target size for GMB IV with a growing and diversified mix of limited partners, including family offices, regional and national banks, insurance companies, and large institutional investors. Today, GMB actively manages more than $650 million, including over $375 million of committed capital in GMB IV and GMB IV Parallel.
In each investment, GMB seeks to invest $3–30 million via debt and non-control equity in growing companies across North America. GMB’s debt investments include subordinated, second lien, first lien last out, as well as unitranche securities. The firm partners with top-tier private equity and independent sponsors in buyout transactions, growth capital and acquisition financing, and debt and equity recapitalizations across a broad range of industries in the lower and middle markets.
“We are pleased to announce the final close of GMB IV and initial closings of GMB IV Parallel in 2020. We will continue our consistent, proven investment strategy of investing in high quality companies and management teams,” commented Cully Olmanson, Managing Partner. “Of course, we are proud of the track record we have generated for all our previous funds and equally as proud of the strong relationships we have developed with our LP and sponsor communities.” GMB’s investment team has been active in direct credit since 2004, investing in a wide range of businesses, transaction types and capital structures across multiple business cycles.
About GMB Capital Partners
GMB is a leading provider of direct credit and equity to lower- and middle-market companies nationwide. Since 2004, the firm has invested more than $1 billion across more than 100 platforms. Consistent with the founders’ experience in direct credit since the 1980s, GMB has executed a consistent investment strategy that has generated attractive risk-adjusted returns to investors over the past 16 years. GMB’s seasoned team is headquartered in Minneapolis, MN with an additional office in Raleigh, NC. Additional information about GMB Capital Partners can be found at www.gmbcapitalpartners.com.
Cary B. Nordan Cully Olmanson
Partner Managing Partner
John joined GMB Mezzanine Capital in 2016 and is focused on business development and portfolio management. Prior to joining GMB, he spent over four years in the investment management industry and was most recently at Water Street Healthcare Partners, LLC. Previously, he worked at William Blair & Company and interned at Stone Arch Capital, LLC. He completed his BA in Finance magna cum laude at the University of Notre Dame.
GMB Mezzanine Capital is pleased to announce the promotion of Judd Stevens to Principal.
Judd joined GMB Mezzanine Capital in 2013 and is focused on business development, transaction underwriting and portfolio management. Prior to joining, Judd was at TripleTree Investment Bank, where he focused on transaction execution, business development, and primary research within the healthcare sector. Judd also spent time in corporate finance with Honeywell International. Judd graduated from the University of Minnesota’s Carlson School of Management with a concentration in Finance.
“Judd is a very valued team member at GMB and we are excited to see him continue to grow in his new position,” said Dan Hemiadan, Partner at GMB.
About GMB Mezzanine Capital
GMB Mezzanine Capital provides mezzanine debt and equity co-investments to middle-market companies in the U.S. GMB Mezzanine invests in the following types of transactions: leveraged acquisition, recapitalization, growth/expansion, and buyouts. Transactions are typically sponsored by private equity firms. GMB is based in Minneapolis, Minnesota. For more information, please visit www.gmbmezz.com.
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GMB Mezzanine Capital
GMB Mezzanine Capital is pleased to welcome Lisa King-Porter to our team as Office Manager. She joined GMB in November 2017, replacing Beth Sullivan, the retiring Office Administrator. She brings more than 15 years of office management experience in the printing and recycling industries, as well as a Master’s Degree in Business Administration.
“After an extensive search, we were very fortunate to have found Lisa. She brings the perfect combination of skills and a wealth of knowledge to our back office and has immediately been a solid contributor, ” said Tom Kreimer, CFO at GMB.
GMB Mezzanine Capital is pleased to announce the promotion of Seth Jonker to Senior Associate and the hiring of Beth Nechanicky as Controller.
Seth Jonker joined GMB as an Associate in 2015 and is now promoted to Senior Associate. Seth’s background prior to joining GMB was in commercial lending, where he provided debt financing in support of private-equity backed buyouts, M&A transactions, and recapitalizations at Wells Fargo.
“Seth is recognized for his growing knowledge of the industry, team contributions, and deal leadership. He will play a key role in supporting our private equity relationships,” said Dan Hemiadan, Partner at GMB.
Beth Nechanicky joins GMB as Controller. A CPA (inactive) by training, Beth brings deep financial and accounting know-how. Beth’s background prior to joining GMB includes work in private equity, corporate finance, and public accounting at firms such as Churchill Equity, General Mills, and PricewaterhouseCoopers.
“We are pleased to add Beth to the team. Her experience will enable GMB to better address the growing reporting requirements of its maturing funds and prepare for future growth,” said Tom Kreimer, CFO at GMB.