– Z2 Capital Partners (Z2) has held the final close of Z2 SBIC I, LP with $300 million in total capital.
– The fund closed oversubscribed, exceeding Z2’s original hard cap.
– Z2 SBIC I received a Small Business Investment Company (SBIC) license from the U.S. Small Business Administration (SBA).
– The fund marks a significant milestone for Z2, which was founded in 2022.
– LPs include banks, insurance companies, funds of funds, endowments, family offices and RIAs.
– Individual investments will generally range from approximately $10M to $40M+, with the ability to increase investment sizes through Z2 LP co-investors.
– The strategy focuses on senior secured debt and minority equity investments.
Z2 primarily targets non-sponsored and independently sponsored companies.
– The investment committee comprises Scott Gold, Jake Sussman and Andy Cahill
– Scott Gold, Partner, said demand exceeded expectations and that the oversubscribed close validates Z2’s investment strategy. Gold added that Z2 has already deployed capital from the fund and aims to support growing companies and job creation across the U.S.
