Firm: Smith Whiley & Co.
Fund: SW Pelham IV
Target: $250 Million
The firm is seeking $250 million for the fund,
Smith Whiley typically provides $3 million to $15 million of mezzanine or equity capital in profitable companies with enterprise values of $25 million to $250 million. Sectors of interest include food and beverage, business services, industrial products and services, consumer products and services, health care products and services, and communications and media technology.
The firm’s most recent deals reportedly include providing subordinate debt and equity in support of
The firm’s portfolio also includes Connors Bros. LP, a San Diego-based producer of seafood and poultry sold under brands including Bumble Bee and Clover Leaf; Northeastern Arkansas Telephone & Transport LLC, a Chicago-based provider of cellular phone service for customers in northeastern Arkansas; and VanDeMark Inc., a Lockport, N.Y.-based manufacturer of specialty chemicals.
Gwendolyn Smith Iloani, a former managing director in Aetna’s investment department, and Colette Nakhoul, a former investment officer with Aetna, founded Smith Whiley in 1994 with support from the insurer. At the time, it was reported that Smith Whiley was among the first minority-owned private investment firms. Today Smith Whiley has about 11 investment professionals, many of whom are women and/or minorities.
Iloani did not return a call seeking comment.