Leading venture capital firm in federal government services unveils next fund, just over two years after Fund III was announced
Blue Delta Capital Partners, a Tysons, VA based venture capital firm, announces a new $250 million fund that, like its previous funds, was well oversubscribed by market-leading institutional investors in a single closing. Blue Delta Capital Fund IV will allow BDCP to continue to scale the firm’s clear and proven track record of success in the U.S. federal government services sector, providing growth stage venture capital investments to leading companies in the sector($15m to $50m equity investments for non-controlling ownership positions).
“We are humbled by the overwhelming support of our investors. In addition, given our sector focus, we are very proud to once again have a fund that is comprised solely of U.S. investors,” said General Partner Kevin Robbins. Robbins added, “Since we began 15 years ago, we have been focused only on the federal government market and our track record of venture capital investing in this sector as a value-added partner to our management teams has been proven out by the industry-leading returns that our companies and our funds have achieved.”
General Partner Phil Nolan noted, “As a team of investors with deep operating backgrounds in the sector, we are uniquely positioned to coach and mentor the next generation of talent in the federal market. This new fund will allow us to do more of the same – scaling companies through superior organic growth and occasionally augmented with selective tuck-in M&A – to fill the gap in the lower-middle market for differentiated, well-run $100+ million revenue businesses with strong technical capabilities, deep management teams, and superior customer intimacy.”
“Recent exits like Quadrint’s acquisition by CACI and a number of proprietary new investment opportunities like Concept Plus helped put us in a position to raise this new Fund IV just over two years after Fund III,” said General Partner Mark Frantz. “We were fortunate to be over-subscribed on our hard cap level before we even formally launched just a few weeks ago and with this new fund closed, we can now spend more time on what our investors pay us to do: work with our existing portfolio companies to build market leaders, close new investments in great companies, and keep working on some potential exits that are on the horizon.”
Cooley LLP (Aaron Velli and Katelyn Kimber) serves as fund counsel to Blue Delta.
About Blue Delta Capital Partners
Blue Delta is a growth stage venture capital firm focused on the U.S. federal government services market. We built the firm in late 2009 to fill a void in the marketplace, investing alongside entrepreneurs who want to grow their businesses, but without having to sell controlling ownership stakes in their companies or limiting growth initiatives from too much debt. Our team delivers decades of proven experience in venture capital investing and deep operational expertise as former CEOs. Our mission is to deliver value beyond our capital to the companies with whom we partner.www.bluedeltacapitalpartners.com.
