Tregaron Capital was formed in 2001 to invest in small and medium-size private companies in the western U.S. The firm makes both mezzanine debt and equity investments, typically in amounts from $2 to $5 million. Tregaron targets companies with EBITDA from $1 to $5 million. The firm is currently investing out of Tregaron Opportunity Fund I, a $60 million fund that closed in 2010. The firm targets the following industries: Business services, Information technology and data services, Health care products and services, Franchising, Mature software and technology, Light manufacturing, and Value-added distribution.