First Capital Partners was founded in 2006 as a subsidiary of First National of Nebraska, Inc., which is the largest privately-owned banking institution in the U.S. with assets in excess of $21 billion. Initially, the firm operated as part of First National’s investment banking operations and invested in six companies to form its Fund I.
In 2011, First Capital Partners was spun out of First National of Nebraska to become majority-owned by its senior executives concurrently with the firm forming its second fund, FCP Fund II, L.P., which has $91 million in committed capital. The First National Bank of Omaha (the flagship bank of First National of Nebraska) is a limited partner in FCP Fund II and was joined by a number of other institutional and individual investors. FCP Fund II operates as a small business investment company (“SBIC”) that is licensed by the U.S. Small Business Administration.
In 2018, based on the success of its first two funds, First Capital Partners closed on FCP Fund III, L.P., which has $150 million of committed capital. FCP Fund III is also licensed by the SBA to operate as a SBIC and the First National Bank of Omaha is a limited partner along with a number of other institutional and individual investors.
Since our founding our investment strategy has remained constant—to provide both mezzanine debt and equity to successful small and medium-sized businesses in a state of transition. We are committed to helping businesses build on their success by providing both capital and a deep bench of engaged professionals whose experience and guidance can add value to lower middle-market companies.