U.S. merchant bank JB Capital LLC is aiming to raise a minimum of $100 million for its newly unveiled Merchant Banking Fund.
The new fund offers flexible capital in a wide variety of structures including senior, mezzanine, preferred and uni-tranche.
JB Capital will target mid-term investments, focusing on 1 to 3-year terms.
The company is seeking to serve as a lead or sole backer in its clients’ tranches, providing additional value as an active participant in the direction of the portfolio company through the board or advisory capacity.