Firm: Smith Whiley & Company
Fund: SW Pelham Fund III LP
Target: $200 million
Amount Raised: $100 million
Considering the attraction of mezzanine debt in today’s market, it’s no surprise Smith Whiley has been deploying cash as fast as it can raise it. The firm has accumulated nearly $100 million in commitments for
The firm, founded by Senior Managing Director Venita E. Fields in 1994, has held two closes to date and plans a final close in November. Past funds garnered support from a mix of endowments, funds of funds and state institutional funds. Funds-of-funds manager
Smith Whiley’s investments have gone tosupport buyout firms and fundless sponsors. The firm has also made direct loans to management teams. With a lower mid-market focus, the firm invests between $3 million and $15 million in companies with enterprise values between $20 million and $250 million and generating more than $3 million in EBITDA.
It committed $9 million in subordinated notes and warrants and preferred stock and warrants to Midwest Dental Inc., a provider of dental services that