Chevy Chase, Md. - Farragut Capital Partners, LLC ("Farragut"), a mezzanine investment firm offering customized financing solutions to lower-middle market private companies, is pleased to announce the addition of Alan Cuthbertson as a Principal. Alan was previously with MCG Capital Corporation and he brings nearly ten years of experience in private debt and equity investing in the lower middle market. His private market experience includes investments in business services, information services, healthcare, distribution, and light manufacturing companies. Prior to MCG, Alan was with The Advisory Board Company, a healthcare-focused research and consulting firm. Earlier in his career, he held investment banking roles with Legg Mason and NationsBanc Montgomery Securities. Alan has a B.A. in Economics from Washington & Lee University.
Farragut is also pleased to announce the final closing of its third fund, Farragut Mezzanine Partners III, L.P. ("the Fund"). Led by industry veterans Phil McNeill, Javier Aguirre, and Cabell Williams, the Fund closed with approximately $100 million of total capital. To date, the Fund has made six investments, supporting leveraged buyouts, recapitalizations, debt refinancings, and growth initiatives. The Fund has deployed approximately 20% of available capital and is actively seeking investment opportunities.
About Farragut Capital Partners
Founded in 2011, Farragut Capital Partners, LLC is a private investment management firm providing mezzanine debt and equity capital to finance leveraged buyouts, generational transfers, growth capital financings, and recapitalizations. Its latest investment vehicle, Farragut Mezzanine Partners III, LP, held its final close in July 2013. Farragut seeks to invest up to $10 million in established middle-market companies with proven business models and consistent cash flows. The firm targets companies with strong, committed management teams and the potential for significant growth in equity value.
Farragut specializes in asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. The firm works with private equity groups, independent sponsors, senior lenders, and directly with owners and management teams to create and build value in its portfolio companies over time.