Feenix Closes Its Third Closed-End Private Credit and Venture Debt Fund

Feenix Venture Partners (“Feenix”) an alternative asset manager focused on private credit and venture debt, today announced the final closing of its third closed-end fund, FVP Opportunity Fund III, LP (“FVP III”). FVP III closed with more than $58 million in committed capital from new and existing investors and the partners of the firm. FVP III is preceded by two prior funds with $13 million (2019) and $12 million (2017) in committed capital, respectively.

FVP III will primarily focus on making senior loans to small and medium-sized companies in the consumer sector including food & beverage operators, hospitality owners, direct-to-consumer e-commerce retailers, SaaS businesses and other service businesses. FVP III provides non-dilutive, tailored solutions for borrowers seeking acquisition, expansion/growth, bridge-to-equity raise, and balance sheet recapitalization financing. 

Feenix targets an average loan size of $5 to $10 million with larger amounts for acquisition and/or bridge loans. Feenix combines its financing activities with credit card processing services provided by its affiliate, Feenix Payment Systems, to better align interests and reduce the overall costs of financing.

“As an alternative lender financing mainly small businesses in the consumer sector, our model was certainly tested during the pandemic. We couldn’t be more pleased working through the challenges together as partners with our companies, or more grateful to our investors who have trusted us with their capital time and again,” said Keith Lee, CEO. “Investor interest in FVP III is a testament to the resiliency of our investment approach and the ability to scale it, especially with the great opportunities we see ahead coming out of the pandemic.”

About Feenix Venture Partners

Feenix Venture Partners (“Feenix”) is an alternative investment firm established in 2017 and headquartered in New York City. Feenix provides growth capital through debt, hybrid and equity to small and medium-sized businesses, primarily in the consumer sector. Feenix is an active investor in food & beverage, hospitality, direct-to-consumer ecommerce and SaaS businesses. For more information about the firm, please visit: www.feenixpartners.com.

About Feenix Payment Systems

Feenix Payment Systems is a front-to-end payment solutions company that was established in 2017 to help small and medium-sized businesses navigate through the complex world of payments processing. The founders of the company have a background in institutional finance and operating small and medium-sized businesses. We understand entrepreneurs and are here to help make processing simpler, more affordable and your data more useful to expand your business. We also believe in partnership beyond what we can provide as a processor. For more information about the firm, please visit: www.feenixpayment.com.

Source: Feenix Venture Partners