Tecum Capital Partners Expands with Fourth SBIC Fund
Funding | Jul 24, 2025 | Tecum Capital Partners
Tecum Capital Management, based in Pittsburgh, Pennsylvania, has secured a license from the U.S. Small Business Administration for its fourth Small Business Investment Company (SBIC) fund, Tecum Capital Partners IV, L.P. The fund has surpassed $325 million in total commitments following its fourth closing. Tecum Capital is known for its involvement in mezzanine debt and minority equity investments across various industries and plans to continue with these strategies in companies with EBITDA exceeding $3 million. With a strong regional focus on the Rust Belt, the Midwest, Southeast, and Mid-Atlantic, the firm supports independent sponsors, family offices, and private equity funds in financial undertakings such as recapitalizations, buyouts, and acquisitions. Led by its original founding partners Stephen J. Gurgovits, Jr., Matthew L.T. Harnett, and Tyson S. Smith, Tecum Capital promotes relationship investing as a business cornerstone. The new SBIC fund will cater to projects with an investment range of $5 million to $20 million, targeting similar company sizes as its predecessors. Since 2006, Tecum Capital has invested over $1.0 billion in more than 100 acquisitions, demonstrating a successful track record in the lower middle market sector.
Sectors
- Private Equity and Investment Management
- Corporate Finance
Geography
- United States – Tecum Capital is headquartered in Pittsburgh, PA, and the fund targets investments primarily in the Midwest, Southeast, and Mid-Atlantic regions of the United States.
Industry
- Private Equity and Investment Management – The article centers on Tecum Capital, a private equity firm, launching a new investment fund, indicating its involvement in the private equity and investment management sector.
- Corporate Finance – Tecum Capital engages in providing mezzanine loans and equity investments, highlighting its role in corporate finance activities for middle-market companies.
Financials
- $325 million – Total fund size of Tecum Capital Partners IV, L.P.
- $5 million to $20 million – Typical investment size per transaction for the new fund.
- $1.0 billion – Amount invested by Tecum Capital in over 100 acquisitions since 2006.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tecum Capital Partners | Investment Firm | Company | An investment firm based in Pittsburgh, Pennsylvania, launching its fourth SBIC fund to invest in lower middle market companies. |
| U.S. Small Business Administration (SBA) | Licensing Authority | Government | The SBA provided the license for Tecum Capital's fourth SBIC fund. |
| Stephen J. Gurgovits, Jr. | Managing Partner | Person | Managing partner of Tecum Capital Partners, providing strategic leadership. |
| Matthew L.T. Harnett | Founding Partner | Person | One of the original founding partners of Tecum Capital. |
| Tyson S. Smith | Founding Partner | Person | One of the original founding partners of Tecum Capital. |