Founded in 1984, First Capital Group is a venture capital firm that invests in a diversified portfolio of well-managed, middle-market companies in Texas and the Southwest. The firm currently manages two investment partnerships, First Capital Group of Texas II, LP and First Capital Group of Texas III, LP, both of which are licensed as Small Business Investment Companies. The firm's total capital under management averages $150 million and seeks to invest in companies with annual sales of at least $20 million and a positive cash flow.