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Charleston Business

R2CP Receives SBIC License

May 15, 2018 03:55PM ● By Kathleen Maris
Route 2 Capital Partners ("R2CP"), a private investment firm, announces the initial closing of Route 2 Capital Partners SBIC, L.P. (the "Fund") and its licensure as a Small Business Investment Company (“SBIC”). R2CP was founded in 2017 by a senior team of investment professionals and is led by Scott Kester, Patrick Weston, Jay White, and Spalding White. R2CP provides $3-$15 million of flexible mezzanine and equity financing to lower middle market operating companies, primarily in the southern U.S. The firm maintains offices in Charleston and Greenville.

"We are excited to announce the closing of our new investment vehicle and appreciate the confidence our limited partners have placed in us. We are fortunate to have outstanding support from a diverse base of institutions, banks, family offices, and high net worth investors,” says Weston.

White adds, “We are pleased to be licensed as the only SBIC in South Carolina, and our complementary partnership with the U.S. Small Business Administration allows R2CP to provide much needed capital to the underserved lower middle market in the South. We are confident that our team, experience, and disciplined approach will allow us to successfully partner with management teams and equity sponsors to build great companies in our footprint.”