VC= Venture Capital Firm PE= Private Equity Firm A= Angel Firm

Mecklenberg County

Blue Point Capital Partners (PE)

201 S. Tryon St., Ste. 850, Charlotte, NC 28202

Phone: 704-347-1111               Fax: 704-347-1107

Contact: Shannon Smith sgsmith@bluepointcapital.com

www.bluepointcapital.com

Typical Investment Range: $10,000,000-50,000,000

Total Managed Funds: $715,000,000

Stage Criteria: Management buyouts, expansion

Type of Capital: Private equity firm

Specialty: Manufacturing, business services, value-added distribution

 

CapitalSouth Partners (VC)

4201 Congress St., Ste. 360, Charlotte, NC 28209

Phone: 704-376-5502               Fax: 704-376-5877

Contact: Joe Alala III            jalala@capitalsouthpartners.com

www.capitalsouthpartners.com

Typical Investment Range: $5,000,000-25,000,000, up to $40M

Total Managed Funds: $600,000,000+

Stage Criteria: Growth capital, buyouts, recapitalizations, add-on acquisitions

Type of Capital: Preferred & common equity, subordinated debt w/ warrants

Specialty: Building products, business services, consumer/retail, general industrial, healthcare, technology

 

Carousel Capital (PE)

201 N. Tryon St., Ste. 2450, Charlotte, NC 28202

Phone: 704-372-2040             Fax: 704-372-1040

Contact: Nelson Schwab III            nschwab@carouselcapital.com

www.carouselcap.com

Typical Investment Range: $10,000,000-40,000,000

Total Managed Funds: $528,000,000

Stage Criteria: Leveraged buyouts

Type of Capital: Private equity firm

Specialty: Business services, Consumer products and services, healthcare services

 

Cerium Capital LLC (PE)

101 S. Tryon St., Ste. 2410, Charlotte, NC 28280

Phone: 704-918-1097

Contact: Paul Solitario               paul@ceriumcapital.com

www.ceriumcapital.com

Stage Criteria: Mergers and acquisitions of middle-market companies

 

Chapter IV Investors (PE)

301 S. Tryon St., Charlotte, NC 28202

Phone: 704-644-4071

Contact: Barnes Hauptfuhrer            barnes@chapterIVinvestors.com

www.chapterivinvestors.com

Typical Investment Range: $10,000,000-50,000,000

Total Managed Funds: $270,000,000

Stage Criteria: Mature, equity

Type of Capital: Private equity firm / hedge fund hybrid

 

Colville Capital (PE)

201 S. College St., Ste. 2770, Charlotte, NC 28244

Phone: 704-323-4400      Fax: 704-323-4420

Contact: Mark Mealy mmealy@colvillecapital.com

www.colvillecapital.com

Stage Criteria: Manufacturing, distribution and service businesses with values from $10-50 million

 

Copeley Capital (PE)

129 W. Trade St., Charlotte, NC 28202

Phone: 704-409-3070             Fax: 704-409-3075

Contact: Lane Faison       lfaison@copeleycapital.com

www.copeleycapital.com

Typical Investment Range: $3,000,000-5,000,000

Total Managed Funds: $30,000,000

Stage Criteria: Recapitalization, owner transitions, growth capital, corporate divestitures.

Specialty: Established businesses that are leaders in their market

 

Crutchfield Capital (PE)

4201 Congress St, Ste. 360-B, Charlotte, NC 28209

Phone: 704-525-9120

Contact: E. Elliott Crutchfield       eec@crutchcap.com

www.crutchcap.com

Stage Criteria: business and consumer services, healthcare, retail, franchisors/franchisees, light manufacturing and value-added distribution businesses with EBITA between $1 and $10 million

 

Dogwood Equity (PE)

1901 Roxborough Rd., Ste. 300, Charlotte, NC 28211

Phone: 704-362-1800         Fax: 704-366-1850

Contact: Steve Buchanan sbuchanan@dogwoodequity.com

www.dogwoodequity.com

Typical Investment Range: $2,000,000-6,000,000

Total Managed Funds: $74,000,000

Stage Criteria: Buyout and select later-stage growth investments

Type of Capital: Private equity firm

Specialty: Mfg/Distribution, service, consumer products

 

Frontier Capital (PE)

1111 Metropolitan Ave., Ste. 1050, Charlotte, NC 28204

Phone: 704-414-2880 Fax: 704-414-2881

Contact: Andrew Lindner      andrew@frontierfunds.com

www.frontierfunds.com

Typical Investment Range: $10,000,000-20,000,000

Total Managed Funds: $250,000,000

Stage Criteria: Expansion capital, later stage; $5-$30 million revenue, 25%+ growth rates, EBITDA positive

Type of Capital: Private equity firm; growth equity

Specialty: Business services: IT, software, communications services, healthcare

 

Pamlico Capital (PE)

150 N. College St., Ste. 2400, Charlotte, NC 28288

Phone: 704-374-4948 Fax: 704-374-6711

Contact: Scott Perper scott.perper@pamlicocapital.com

www.pamlicocapital.com

Typical Investment Range: $15,000,000-100,000,000

Total Managed Funds: $2 billion

Stage Criteria: Middle to late stage (established businesses)

Type of Capital: Private equity firm; equity, mezzanine

Specialty: Business & tech. services, communications and healthcare

 

Plexus Capital (PE)

200 Providence Rd., Ste. 210, Charlotte, NC 28207

Phone: 704-927-6255

Contact: Bob Anders banders@plexuscap.com

www.plexuscap.com

Typical Investment Range: $3,000,000-8,000,000

Total Managed Funds: $250,000,000

Stage Criteria: later stage

Type of Capital: Private equity firm

Specialty: invests in a variety of industries, including business services, consumer services, healthcare, manufacturing, value-add distribution, government contracting and other industries

 

Ridgemont Equity Partners (PE)

150 N. College St., Ste. 2500, Charlotte, NC 28207

Phone: 704-944-0914 Fax: 704-944-0973

Contact: Ed Balogh ebalogh@ridgemontep.com

www.ridgemontep.com

Typical Investment Range: $25,000,000 - $75,000,000

Total Managed Funds: $2 Billion

Stage Criteria: middle market buyout and growth

Type of Capital: Private equity firm

Specialty: basic industries and services, energy, healthcare and telecommunications/media/technology

 

Vaxa Capital Partners, LP (PE)

6201 Fairview Rd, Ste. 200, Charlotte, NC 28210

Phone: 704-522-9932      Fax: 704-522-6009

Contact: Buck Wearn bwearn@vaxacapital.com

www.vaxacapital.com

Typical Investment Range: $2,000,000-10,000,000

Total Managed Funds: $55,000,000

Stage Criteria: Expansions, buyouts, recapitalizations, industry consolidations

Type of Capital: Private equity firm

Specialty: All except startups, biotech, real estate, unestablished technologies

 

The Wakefield Group (VC)

1110 E. Morehead St., Charlotte, NC 28204

Phone: 704-372-0355          Fax: 704-372-8216

Contact: Steve Nelson steve@wakefieldgroup.com

www.wakefieldgroup.com

Typical Investment Range: $1,000,000-5,000,000

Total Managed Funds: $100,000,000

Stage Criteria: Growth-oriented

Type of Capital: Equity

Specialty: IT/health/media

 

Other Areas in North Carolina

The Aurora Funds (VC)

3100 Tower Blvd., Ste. 1600, Durham, NC 27713

Phone: 919-484-0400 Fax: 919-484-0444

Contact: M. Scott Albert salbert@aurorafunds.com

www.aurorafunds.com

Typical Investment Range: $500,000-2,500,000 (for first round financing)

Total Managed Funds: over $234,000,000

Stage Criteria: First round, seed

Type of Capital: Equity

Specialty: Healthcare (Biotech, medical devices, healthcare services, healthcare IT) and information technology (internet infrastructure, software, semiconductors/processing tech., emerging tech.), bio-medical engineering

 

BB&T Capital Partners (VC)

101 N. Cherry St., Ste. 700, Winston-Salem, NC 27101

Phone: 336-733-0350 Fax: 336-733-0349

Contact: David G. Townsend dgtownsend@bbandt.com

www.bbtcp.com

Typical Investment Range: $5,000,000-15,000,000

Total Managed Funds: over $400,000,000

Stage Criteria: Late stage growth capital, buyouts, acquisitions, recapitalizations

Type of Capital: Equity & Subordinated Debt (Mezzanine fund)

Specialty: For equity fund: Any type of industry except high tech., real estate, & financial services; For Mezzanine fund: Manufacturing, distribution, service companies and particular expertise in government services

 

Carolina Financial Group, LLC (VC)

185 W. Main St., Brevard, NC 28712

Phone: 828-883-4400     Fax: 828-883-4402

Contact: John Stanier jstanier@carofin.com

www.carofin.com

Typical Investment Range: $5,000,000 & up

Total Managed Funds: More than $325,000,000

Stage Criteria: Capital raising, mergers & acquisitions

Type of Capital: Common equity, convertible preferred equity, redeemable preferred equity, option & warrants; convertible debt, non-convertible debt, second lien debt

Specialty: Manufacturing, consumer products, IT, media & telecommunications, business services, energy

 

Cherokee Investment Partners

111 E. Hargett St., Ste. 300, Raleigh, NC 27601

Phone: 919-743-2500

Contact: Tom Darden

www.cherokeefund.com

Typical Investment Range: $25,000,000+

Total Managed Funds: $2 Billion

Specialty: property (brownfield) redevelopment

 

Falfurrias Capital Partners (PE)

100 N. Tryon St., Ste. 5120, Charlotte, NC 28202

Phone: 704.371.3220      Fax: 704.333.0185

Contact: Mark Oken moken@falfurriascapital.com

www.falfurriascapital.com

Typical Investment Range: $10,000,000-30,000,000

Total Managed Funds: $97,000,000

Stage Criteria: Buyouts, recapitalizations, growth financings, corporate divestitures. EBITDA in excess of $2,000,000

Type of Capital: Private equity firm

Specialty: Financial services, consumer products, healthcare, building products, diversified manufacturing, business services, education, training, and information services, infrastructure services

 

Gardiner Capital, LP (PE)

105 Stratford Rd., Ste. 360, Winston-Salem, NC 27104

Phone: 336-725-0056               Fax: 336-725-1155

Contact: Bob Shepley bob@gardcap.com

www.gardinercapital.com

Typical Investment Range: $2,000,000-5,000,000 with more available through syndication

Total Managed Funds: $50,000,000

Stage Criteria: Private investment firm; later-stage private equity (buyouts), mezzanine, acquisitions, recapitalizations, debt restructuring; no startups or early stage companies

Type of Capital: Preferred and common equity; Convertible and sub debt

Specialty: All industries except real estate and financial services

 

The Halifax Group (PE)

3605 Glenwood Ave., Ste. 490, Raleigh, NC 27612

Phone: 919-786-4420 Fax: 919-786-4428

Contact: David Dupree ddupree@thehalifaxgroup.com

www.thehalifaxgroup.com

Typical Investment Range: $10,000,000-40,000,000

Total Managed Funds: more than $500,000,000

Stage Criteria: Late stage, buyouts, recapitalizations, growth capital, consolidations, EBITDA greater than $5,000,000

Type of Capital: Private equity firm

Specialty: Business services, healthcare services, infrastructure services, wellness products and services

 

Hatteras Venture Partners (PE)

280 S Mangum St., Ste. 350, Durham, NC 27701

Phone: 919-484-0730 Fax: 919-484-0364

Contact: Clay Thorp clay@hatterasvp.com

www.hatterasvp.com

Typical Investment Range: $2,000,000-5,000,000 (over life of company)

Total Managed Funds: over $120,000,000

Stage Criteria: Pre-seed, early stage

Type of Capital: Private equity firm

Specialty: Biomedical- biopharmaceuticals, medical devices, diagnostics

 

Inception Micro Angel Fund (A)

1959 N. Peace Haven Rd., Ste. 111, Winston-Salem, NC 27106

Phone: 336-324-3292

Contact: Tim Janke

www.inceptionmicroangelfund.com

Typical Investment Range: between $25,000 and $100,000 per company with a company board seat, or observer rights, being allocated to IMAF

Total Managed Funds: $3,500,000

Stage Criteria: Angel- start-up stage or one step beyond the start-up

Specialty: biotech., life sciences, diagnostics, medical device area

 

Intersouth Partners (VC)

406 Blackwell St., Ste. 200, Durham, NC 27701

Phone: 919-493-6640 Fax: 919-493-6649

Contact: Dennis Daugherty Dennis@intersouth.com

www.intersouth.com

Typical Investment Range: $500,000-6,000,000 (w/ avg. total investment in a single company of $12,000,000)

Total Managed Funds: $780,000,000

Stage Criteria: Seed and early stage, first institutional round preferred

Type of Capital: equity Specialty: IT, life sciences

 

North Carolina Innovative Development for Economic Advancement (NC IDEA) (VC)

334 Blackwell St., Ste. B-015, Durham, NC 27701

Phone: 919-941-5600 Fax: 919-941-5630

Contact: David Rizzo

www.ncidea.org

Typical Investment Range: $250,000-500,000

Total Managed Funds: $25,000,000

Stage Criteria: Early stage Specialty: High-tech startups (NC only)

 

Pappas Ventures (VC)

Research Triangle Park 2520 Meridian Pkwy, Ste. 400, Durham, NC 27713

Phone: 919-998-3300 Fax: 919-998-3301

Contact: Scott Weiner sweiner@pappasventures.com

www.pappasventures.com

Typical Investment Range: $6,000,000-8,000,000

Total Managed Funds: more than $350,000,000

Stage Criteria: Early stage, phase 1 or phase 2 stage of development, late stage/ mezzanine

Type of Capital: Preferred stock, equity

Specialty: Life Sciences: Biotechnology, biopharmaceuticals, drug delivery, medical devices, and health information systems. Drug discovery/drug development is main interest/focus but will continue to invest in other specialties mentioned above

 

Piedmont Angel Network (PAN) (A)

243 S. Marshall St., Winston-Salem, NC 27101

Phone: 336-235-0941

Contact: Andy Dreyfuss adreyfuss@piedmontangelnetwork.com

www.piedmontangelnetwork.com

Typical Investment Range: $250,000-750,000

Total Managed Funds: $15,000,000

Stage Criteria: Angel

Specialty: Does not have to be technology-based businesses, PAN likes to invest in businesses that are addressing large problems — large markets.

 

River Cities Capital Funds (VC)

3737 Glenwood Ave., Ste. 100 Raleigh, NC 27612

Phone: 919-573-6111 Fax: 919-573-6050

Contact: Edward McCarthy emmcarthy@rccf.com

www.rccf.com

Typical Investment Range: $2,000,000-4,000,000

Total Managed Funds: $400,000,000

Stage Criteria: Early stage, expansion stage, late stage (No seed stage companies unless extraordinary basis)

Specialty: IT, healthcare (sub-categories: software as a service, enterprise or infrastructure software, business process outsourcing, devices)

 

Salem Halifax Capital Partners, LP (PE)

112 Cambridge Plaza Dr., Winston-Salem, NC 27104

Phone: 336-768-9343 Fax: 336-768-6471

Contact: Phillip Martin pmartin@salemcapital.com

www.salemcapital.com

Typical Investment Range: $2,000,000-10,000,000

Total Managed Funds: $150,000,000

Stage Criteria: Later stage

Type of Capital: Private equity firm; subordinated, mezzanine debt with warrants (SCP will invest capital as pure equity in certain situations, but rarely)

Specialty: Traditional manufacturing, distribution, service businesses; employ low to medium technology companies

 

SilkRoad Equity (PE)

111 N. Chestnut St., Ste. 200, Winston-Salem, NC 27101

Phone: 336-201-5046        Fax: 336-201-5141

Contact: Matt Roszak matt@silkroad.com

www.silkroadequity.com

Typical Investment Range: $1,000,000-20,000,000 & up

Total Managed Funds: Over past 20 years, invested in or acquired over 150 companies w/ valuations ranging from $5 - $500 million

Stage Criteria: Broad range: from start-ups to buy-outs, buy-ins, spin-offs

Type of Capital: Private equity firm

Specialty: Technology, media entertainment, life science, telecommunications, retail, manufacturing, business services

 

SJF Ventures (VC)

200 N. Mangum St., Ste. 203, Durham, NC 27701

Phone: 919-530-1177                    Fax: 919-530-1178

Contact: David Griest dgriest@sjfund.com

www.sjfund.com

Typical Investment Range: $1,000,000-10,000,000

Stage Criteria: Expansion stage with $1M+ in annual revenue

Type of Capital: Equity, subordinated debt

Specialty: Cleantech and sustainability, business services, and web-enhanced services.

 

Southeast Interactive Technology Funds (SEInteractive) (VC)

3800 Paramount Pkwy., Ste. 115, Morrisville, NC 27560

Phone: 919-558-8324            Fax: 919-558-2025

Contact: Norvell Miller

www.seinteractive.com

Typical Investment Range: $15,000,000-30,000,000

Total Managed Funds: $260,000,000

Stage Criteria: Early stage

Type of Capital: Preferred equity, convertible debt

Specialty: IT, communications

 

Southern Capitol Ventures (VC)

21 Glenwood Ave., Ste. 105, Raleigh, NC 27603

Phone: 919-858-7580

Contact: Ben Brooks ben@southcap.com

www.southcap.com

Typical Investment Range: $35,000-1,000,000

Total Managed Funds: $20,000,000

Stage Criteria: Early state technology

Specialty: software, e-commerce, digital media, mobile and healthcare IT

 

The Trelys Funds (VC)

PO Box 5066, Cary, NC 27512

Phone: 919-459-4650.        Fax: 919-459-4670

Contact: Adrian Wilson awilson@trelys.com

www.trelys.com

Typical Investment Range: $500,000-3,000,000

Type of Capital: Equity

 

Triangle Capital Corporation (VC)

3700 Glenwood Ave., Ste. 530, Raleigh, NC 27612

Phone: 919-719-4770            Fax: 919-719-4777

Contact: Garland Tucker, David Parker, Tarlton Long, Brent Burgess

www.tcap.com

Typical Investment Range: $5,000,000-15,000,000

Total Managed Funds: $250,000,000+

Stage Criteria: Later stage growth, acquisitions, recapitalizations, leveraged & management buyouts

Type of Capital: Mezzanine, senior and subordinated debt, first and second lien loans, equity

Specialty: Diversified

 

TriLinear, LLC (VC)

380 Knollwood St., Ste. 410, Winston Salem, NC 27103

Phone: 336-748-1200          Fax: 336-748-1208

Contact: Roane Cross, Jr. roane.cross@trilinearllc.com

Typical Investment Range: $1,000,000-2,000,000

Total Managed Funds: $80,000,000

Stage Criteria: Early stage

Type of Capital: Equity, convertible debentures, preferred, debt with warrants

Specialty: Carolinas commercial real estate, communications, information technology

 

Vaxa Capital Partners (PE)

109 Laurens Rd., Ste. 4-C, Greenville, SC 29607

Phone: 864-240-7400        Fax: 864-240-7408

Contact: M. Dexter Hagy

www.vaxacapital.com

Typical Investment Range: $2,000,000-10,000,000

Total Managed Funds: $55,000,000

Stage Criteria: Expansions, buyouts, recapitalizations, industry consolidations

Type of Capital: Private equity firm

Specialty: All except startups, biotech, real estate, unestablished technologies

 

Organizers/Meetings/Forums/Networking/Advice

Business Innovation & Growth Council (BIG) (VC, PE)

1927 S. Tryon St., Ste. 310, Charlotte NC 28203

Phone: 704-927-8064         Fax: 704-342-2975

Contact: Ms. Terry Cox, President and CEO info@bigcouncil.com

www.bigcouncil.com

The Business Innovation and Growth Council, a non-profit association, serves as a catalyst for economic development in the greater Charlotte area by promoting the formation and success of entrepreneurial companies.

 

Council for Entrepreneurial Development (CED) (VC, PE, A)

334 Blackwell St., Ste. B012 Durham, NC 27711

Phone: 919-549-7500          Fax: 919-549-7405

Contact: Joan Siefert Rose, President jsrose@cednc.org

www.cednc.org

The Council for Entrepreneurial Development is a private, non-profit organization which identifies, enables, and promotes high growth and high impact entrepreneurial companies and accelerates the entrepreneurial culture of the Research Triangle and North Carolina.

 

North Carolina Small Business and Technology Development Center (SBTDC)

8701 Mallard Creek Rd., Charlotte, NC 28262

Phone: 704-548-1090         Fax: 704-548-9050

Contact: George McAllister, Executive Director gmcallister@sbtdc.org

www.sbtdc.org

The organization is operated as an inter-institutional program by The University of North Carolina. The development center offers small business owners a variety of services and programs and also publishes small business guides.

 

Ventureprise (VC, PE)

8701 Mallard Creek Rd., Ste. 100, Charlotte, NC 28262

Phone: 704-548-9113          Fax: 704-602-2179

Contact: Paul Wetenhall, President PWetenhall@BenCraigCenter.com

www.ventureprise.org www.bencraigcenter.com

The Ben Craig Center provides a wide array of support services that give its companies a strong competitive advantage over other startups. Access to advice from leaders in Charlotte‘s high-tech community, in-house consulting, financing referrals, marketing and PR aid, and a solid turn-key infrastructure are only a few of these services. These and many other services include: Physical infrastructure, mentoring and advising, staff expertise, external business network, and access to capital

 

WED3

201 S. College St., Ste. 1610, Charlotte, NC 28244

Contact: Paul Solitario          paul@wed3.org

www.wed3.org

Wed3 is a regionally focused group of investors and representatives of investment corporations. This members-only group reviews business summaries submitted by companies and individuals. Selected groups then have the opportunity to present their presentations to a Wed3 regular membership meeting. Through this process, Wed3 hopefully acts as a matchmaker for young companies and interested investors.

Venture Capital, Private Equity & Angel Firms