PRINT THIS PAGE US Founders Equity announces final closing of fund with $140m21/09/2004. Source: AltAssets. 
 US Founders Equity has announced the final close of its Founder Equity SBIC I and affiliated funds with $140m of commitments. Investors in the fund include Colorado PERA, Citibank, HSBC, JPMorganChase, Washington Mutual and RWB. In addition the New York State Common Retirement Fund has committed $20m to a side-by-side affiliated fund specifically for investments in the State of New York.
'We are pleased to have major financial institutions as our limited partners along with several family offices and high net worth individuals that have invested with us for more than 30 years,' said Warren Haber, a founding partner of Founders Equity.
Founders will invest in small to middle-market companies in the business and marketing services, outsourcing and logistics, healthcare services, environmental services, security systems, oilfield services, consumer products and services, food and food services, franchising and niche manufacturing sectors.
Since the fund's first closing in 2003, Founders has added significantly to its staff. Dolores Arton joined as principal and chief financial officer in 2003 after a 13-year career in investment banking, most recently at Citigroup. Ryan Kelly also joined the firm in 2003 as a senior associate. Kelly joined the firm from JH Whitney. Roger Vincent joined the firm as a senior associate earlier this year after working at the Sprout Group and DLJ Merchant Banking.
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