Patriot Capital
Encyclopedia
Patriot Capital is a private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 firm with offices in Baltimore, MD and Chicago, IL. The firm focuses on growth capital
Growth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...

 and mezzanine capital
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...

 investments in middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations.

Patriot Capital II and its predecessor Funds, Allegiance Capital and Patriot Capital I have over $270 million of capital under management.

The firm typically makes subordinated debt
Subordinated debt
In finance, subordinated debt is debt which ranks after other debts should a company fall into receivership or bankruptcy....

 and preferred equity investments in acquisitions, management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...

s and leveraged recapitalization
Leveraged recapitalization
In corporate finance, a leveraged recapitalization is a change of the capital structure of a company, a substitution of equity for debt —e.g. by issuing bonds to raise money, and using that money to buy the company's stock or to pay dividends...

s in the Mid-Atlantic, Midwest and Southern United States. Additionally, Patriot Capital will participate in financings that are significantly larger through its extensive network of regional and national private equity and mezzanine firms.
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