First New England Capital

First New England Capital (FNEC) invests in mezzanine and equity securities of middle market companies, seeking to invest in a diverse portfolio of securities to achieve attractive risk-adjusted rates of return for its investors. It will act as lead investor or participate in syndicates with other investors depending on investment circumstances. Since its inception in 1988, FNEC has invested approximately $100 million in over 60 companies. Managing a pool of capital in excess of $120 million, the firm's investment team focuses on middle market businesses with a history of cash flow stability, consistent top-line growth and experienced management teams. FNEC also considers investments in dynamic, fast-growing companies with a demonstrated ability to execute on well-defined operating strategies. FNEC is currently investing its third fund, First New England Capital III, L.P., which has approximately $50 million in assets under management. The firm invests between $2 million and $5 million in businesses throughout the United States with annual revenues between $10 million and $150 million and minimum EBITDA of $2 million in a wide range of industries. FNEC prefers investments in the areas of aerospace and defense, business and consumer services, manufacturing, value-added distribution, technology and healthcare.