Teaser Text: Firm Receives $40 Million in Commitments
Category: Stonehenge News
Tampa, FL – September 25, 2013 - Stonehenge Growth Equity Partners announced the first close of its new venture capital fund (Stonehenge Growth Equity Fund, L.P.) primarily focused on providing capital for high growth technology and business service companies in Florida and the southeast. The firm received $40 million predominantly from institutional investors and high net worth individuals. Based in Tampa, Florida, Stonehenge Growth Equity Partners is one of only three firms headquartered in the state of Florida managing an SBIC-licensed fund.
Steve Lux, a respected venture capitalist with an excellent track record investing in high growth small businesses for over twenty-five years is a managing partner for Stonehenge Growth Equity Partners. For the past fourteen years, he has been dedicated to making growth equity investments throughout the state of Florida. The firm’s other managing partner, Brian Model, carries strong operational experience and a successful history of investments that spans over thirteen years. Lux and Model are joined by Travis Milks, a partner who brings over a decade of experience advising and investing in high growth businesses.
According to Lux, the focus of Stonehenge Growth Equity Partners is to invest in experienced management teams of companies seeking financing for growth that are currently underserved by a relatively small number of local and regional growth capital investors.
“We have been encouraged by the support we have received from our investors.” says Lux. “Stonehenge Growth Equity Partners seeks to invest in companies who are leaders in their industry and demonstrate high growth potential. We have a long and successful track record of becoming deeply involved with our portfolio companies to help them grow in the most effective way, and are very excited about the investment opportunities that we see in the southeast today. We anticipate holding the final close of the Fund within the next six to eight months.”