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F.N.B. launches Capital Partners

on September 15, 2013 1:20 AM

F.N.B. Corp. has announced the launch of F.N.B. Capital Partners LP, a small-business investment company licensed by the U.S. Small Business Administration.

FNBCP will engage in mezzanine financing and private equity investments in middle market companies.

FNBCP’s principals include Stephen J. Gurgovits Jr., Matthew L.T. Harnett and Tyson S. Smith, former employees of F.N.B. Capital Corp. LLC, a wholly owned merchant banking subsidiary of F.N.B. Corp. Collectively, the FNBCP team has 35 years of experience.

The SBIC Fund will target investment opportunities of up to $10 million across a broad spectrum of industries. FNBCP’s focus will be to invest in qualifying companies to stimulate their growth and corresponding job creation.

FNBCP will invest principally in companies within the eastern U.S. In addition to anchor investor F.N.B. Corporation, the SBIC Fund’s investors include five regional banks, a pension fund and several high net worth individuals.

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