Patriot Capital
Patriot Capital is a private equity firm with offices in Baltimore, MD and Chicago, IL. The firm focuses on growth capital and mezzanine capital investments in middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations.
Patriot Capital II and its predecessor Funds, Allegiance Capital and Patriot Capital I have over $270 million of capital under management.
The firm typically makes subordinated debt and preferred equity investments in acquisitions, management buyouts and leveraged recapitalizations in the Mid-Atlantic, Midwest and Southern United States. Additionally, Patriot Capital will participate in financings that are significantly larger through its extensive network of regional and national private equity and mezzanine firms.
According to their 10K filed on 3/16/2009, Patriot Capital was in continuing negotiations to renew its credit facility, which expired in 4/11/2009. If it does not get renewed, the company may not have enough cash and liquid assets to fund its normal operations and thus, may not be able to continue as a going concern.