Stonehenge Capital and Jemison Investment Announce Partnership and Formation of New Alabama Investment Fund.BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La. -- Stonehenge Capital Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , in partnership with Jemison Investment Co., Inc. jointly announce the formation of the ALABAMA OPPORTUNITY FUND, a new $19.5 million investment fund that provides both equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay to Alabama-based companies seeking growth and expansion capital. Stonehenge and Jemison jointly manage the fund, which is a certified capital company within the State of Alabama's Certified Capital Company ("CAPCO CAPCO Certified Capital Company CAPCO Capitol Area CAPCO Consumer Aerosol Products Council CAPCO Capability Package Coordination Officer CAPCO Controlled Access Program Coordinating Office (CIA) CAPCO California Agricultural Pest Control Operators ") program. Stonehenge also announces the hiring of Steven W. Davis, who joined Stonehenge as a Director in its Birmingham office. Davis works along side James D. Davis and J. David Brown David Brown may refer to any of the following people:
Steve Davis, OBE, (born August 22, 1957, Plumstead, London[3]) is an English professional snooker (and to a lesser extent pool) player. He won 6 Snooker world titles during the 1980s. spent 14 years with SouthTrust Bank, and was most recently a Senior Vice President in the Corporate Banking Division. "There is a great need for this type of risk capital in Alabama," said Davis. "Stonehenge and Jemison have a great track record of providing growth capital to privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , and I am excited about the potential for our partnership in Alabama. Our fund should be well received given its flexibility to provide debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to growing Alabama companies." "We believe Alabama has tremendous potential for our risk capital, especially at the lower end of the middle market where companies need financing in the range of $500,000 to $3,000,000. Many of the national mezzanine and venture firms simply won't invest at that end of the market. Because of this supply and demand imbalance, we expect to find exceptional opportunities for investment throughout the State," said Michael P. Kirby, Stonehenge Capital's Managing Director. James D. Davis, Chairman of Jemison Investment stated, "We are also excited about partnering with Stonehenge and having Steve Davis as part of the fund's team. We look forward to working closely with Steve and Stonehenge to invest these funds in the coming years. The fund's strategy is complementary to Jemison's traditional investment strategy, so we believe this will expand the market and our opportunity for investing in Alabama businesses." ABOUT STONEHENGE Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Ohio, and Wisconsin. For more information visit www.stonehengecapital.com. ABOUT JEMISON INVESTMENT Jemison Investment Co., Inc. is a privately-held holding company in Birmingham, Alabama with a diversified portfolio of investments. The firm was founded in 1949 by the late, John S. Jemison. As a firm, Jemison seeks to invest in stable, well-managed, privately-held companies and select early stage ventures offering significant growth potential. |
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