New York-based Cantilever Group, an independent investment firm, recently made a minority equity investment in Pittsburgh-based Tecum Capital, a private investment firm offering mezzanine debt and equity investments.
“Cantilever’s investment is a strong endorsement of our team, our track record, and our shared vision for long-term growth,” Stephen Gurgovits, Tecum Capital managing partner, said. “We look forward to leveraging their experience and resources to accelerate the growth of our business.”
The investment will allow Tecum to continue to build its position within the small business investment company (SBIC) industry by investing in employees and strategic growth initiatives.
“We are thrilled to partner with Tecum Capital and their exceptional management team as we mark the first close of our fund,” David Ballard, Cantilever Group managing partner, said. “Their unique expertise in the SBIC program and flexible capital solutions strengthens our confidence in the investment we have made. We look forward to supporting Tecum’s continued success.”
Tecum’s management team will not change.
Cantilever Group focuses on asset managers in the $500 million to $5 billion range.
Tecum Capital Management services middle-market companies in a variety of industries that have earnings before interest, taxes, depreciation, and amortization greater than $3 million. It manages three SBIC licensed funds.