IMB Partners Exceeds Fundraising Target by 25%, Raising $125 Million for Inaugural Investment Fund

Whats Happening:

IMB Partners, a private investment firm based in Bethesda, MD, has successfully closed its inaugural institutional fund, IMB Partners SBIC I, with total committed capital of $125.5 million. This exceeds the original target of $100 million by 25%. The fund will continue IMB's strategy of investing in lower middle-market companies serving the utilities and government contracting sectors.

Key Moves:

• IMB Partners closes inaugural institutional fund at $125.5 million

• Fund exceeds original target of $100 million by 25%

• IMB to continue investing in utilities and government contracting sectors

By The Numbers:

• Total committed capital: $125.5 million

• Original fundraising target: $100 million

• IMB has executed 8 platform investments since 2010

Key Quotes:

• "We are honored to have the support of 100 investors and partners," - Kelvin Pennington, IMB's Managing Partner

• "Our first dedicated fund will allow IMB to continue its mission to support companies in the government contracting and utilities & infrastructure services sectors," - Tarrus Richardson, IMB Partners' CEO

Bottom Line:

IMB Partners' successful fundraise for its inaugural institutional fund demonstrates strong investor confidence in its strategy of investing in lower middle-market companies in the utilities and government contracting sectors. The fund's oversubscription by 25% positions IMB to continue its growth trajectory and support businesses that may otherwise lack access to essential capital.

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