A private equity firm has been launched to provide finance to companies with sales of between US$20 million (£13 million) and US$200 million.

A private equity firm has been launched to offer expansion finance to companies with sales of between US$20 million (£13 million) and US$200 million.

DMC Capital Funding is being launched by New York-based supply chain management specialist Distribution Management Consolidators (DMC). The firm intends to use its parent company’s retail relationships and distribution experience to help it finance and advise ‘well-established companies’ in the technology or consumer product sectors.

Its offerings include bridge or longer-term loans, purchasing passive equity stakes in businesses, or advising ventures on their marketing and distribution operations. It may also make outright acquisitions.

Andrew Lowinger, CEO of DMC Capital Funding, comments, ‘[Some] companies may have superior products and significant potential, but have been locked out of the credit markets, leaving them without the capital needed to foster growth or penetrate the shelf space of major retailers.’