Fort Lauderdale-based private equity firm IBS Investment Bank today announced that it has provided funding for over $340MM in new financings for 2014.
Online PR News – 02-February-2015 – Fort Lauderdale, FL – Fort Lauderdale-based private equity firm IBS Investment Bank (IBS) a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced that it has provided funding for over $340 Million in new financings to middle market real estate investors and US based businesses for the 2014 fiscal year. In addition to completing the securitization of its IBS Debt Ventures Fund IV and IBS SBIR Fund VI in December 2014 the firm closed two oversubscribed funds with total capital commitments of $370 million, said Jason Jackson, the firm’s Chief Investment Officer.
The open-ended IBS Debt Ventures Fund V closed with $225 million, exceeding its $200 million fundraising target. The fund will make value-added investments in income-producing properties in sectors including multifamily, industrial, retail, hotel and assisted living within the continental US. The $150 million IBS Asset Based Fund II closed above its $125 million fundraising target and make opportunistic investments in small to middle market companies within the U.S. and Canada,
"IBS seeks to bridge the gap by providing financing options to the under-served small to middle market corporate finance and commercial real estate segment with our average investment posting between $1 -$25 million," IBS, N.A. CORP Chairman and Chief Investment Officer Jason Jackson told reporters.