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Flexible | Strategic | Different

Spanos Barber Jesse & Co. Announces New Investment Fund
February 26, 2015
San Francisco, CA and Dallas, TX: Spanos Barber Jesse & Co. (“SBJ”) today announced a closing on its debut fund, SBJ Fund, LP, (“Fund”). SBJ has closed on total capital in excess of $150 million, exceeding its original $150 million target. The Fund invests in lower middle-market consumer, business services and healthcare services companies with up to $100 million in revenue and has the flexibility to invest in private equity and mezzanine debt in control and non-control situations.

SBJ was founded by Gus Spanos, Tom Barber and Bill Jesse, who have over 60 years of combined investing and operating experience. Their prior experience includes investment firms such as Jesse.Hansen&Co and Black Canyon Capital, senior operating roles in more than 10 companies and board of director positions in more than 40 companies. The founders have invested over $500 million of capital into more than 30 companies, including Peet’s Coffee & Tea, The Wine Group, Archway Marketing, Design Within Reach, Jefferson Dental, Serena & Lily and Logan’s Roadhouse.

“Our team has a long track record of success as value-added investors in the lower middle-market. SBJ will continue the strategy we have used to create lasting value in this segment of the market by providing flexible capital solutions, thoughtful strategic advice and domain expertise to support the goals of our partner companies,” remarked Gus Spanos, Co-Founder and Managing Director.

SBJ is differentiated from traditional private equity funds in that the Fund has the flexibility to lead control buyouts as well as invest in mezzanine debt and equity co-investments. This enables SBJ to serve as a one-stop financial partner and provide tailored financing solutions to meet the specific objectives of founders, management teams and agents. In addition, SBJ brings an operational approach to portfolio management by leveraging their prior operating experience as well as a network of operating executives with relevant domain expertise to build long-term value in partnership with management.

“We are flattered by the reception our strategy has received from a blue chip group of prominent investors, including institutions, family offices and heads of other investment firms. We look forward to working diligently every day with integrity and intelligence to deserve their trust,” commented Tom Barber, Co-Founder and Managing Director.

“With the launch of SBJ, we are most excited about working closely with outstanding entrepreneurs and management teams to leverage our operating experience and relationships to help them achieve their business objectives,” added Bill Jesse, Co-Founder and Managing Director.

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