Atlanta-based investment firm O15 Capital Partners reached a final close for its first Emerging America Credit Opportunities Fund, which provides debt to small and medium-sized US businesses in the US that “are underserved by the capital markets,” O15’s Colin Meadows said in a statement. The Black-led firm will extend private credit to healthcare, services and education companies, mostly in the US Southeast.
“By looking where other market participants are not, we are able to source compelling, proprietary deal flow while creating stronger local economies and more equitable communities,” said Meadows.
O15 also has about $30 million for co-investment facilities that can also make equity investments.
O15 has announced four deals since launching the firm three years ago. In October, it invested $25 million in debt and equity in Lone Peak Dental Group, a pediatric dentistry provider that serves low-income patients via clinics and offices in 15 states. Atlanta-based Engineered Recycling Systems provides recycling equipment to the paper industry. Texas Endovascular provides imaging, procedures and treatments to patients with vascular conditions through clinics in low- and middle-income areas. O15 also provided $43 million to help edtech provider Echo360 refinance its debt.
The firm’s funding round was supported by pension funds, foundations, banks, and family offices, O15 said.
