Press Release (June 30, 2021)
Jeffery Holmes and Clint Campbell, the General Partners of Cephas Capital Partners III, LP (“Cephas III”), are pleased to announce that fundraising for their third licensed Small Business Investment Company (“SBIC”) has been completed, with additional private capital commitments taking the fund to the targeted $15 million level. S&T Bank, headquartered in Indiana, PA, has been added as a new Limited Partner and Genesee Regional Bank, based in Rochester, NY, agreed to increase its’ capital commitment to the fund. Cephas III is now positioned to invest between $500,000 and $4.5 million in deserving businesses across the region for needs that can not be met by traditional banking sources. With the S&T Bank footprint including NY, PA, and Ohio, the Partnership looks forward to addressing the Bank’s customer and prospect needs across this expended geography.
All inquiries should be directed to Jeffrey Holmes (firstname.lastname@example.org) or Clint Campbell (email@example.com.)
Rochester, New York – General Partners Clint Campbell and Jeffery Holmes are pleased to announce the formation of Cephas Capital Partners III, LP, (“Cephas III”) a partnership formed to operate as a Small Business Investment Company (“SBIC”). The original Cephas fund, Cephas Capital Partners, LP, founded in July of 1997, was established to serve Upstate New York’s small business owners, providing non-traditional growth capital for firms requiring between $500,000 and $3 million. Cephas Capital Partners II, LP (“Cephas II”) was formed in September 2009 to continue this mission. With over $100 million deployed in over 60 deserving business during the last 22+ years, Cephas III expects to build on this foundation of success. The partners will be working with the Small Business Administration (“SBA”) in the coming months to pursue licensing as an SBIC. All Limited Partner institutional investors that participated in Cephas II have made capital commitments to Cephas III and include Arrow Financial, Canandaigua National Bank, Evans Bank, Five Star Bank, Genesee Regional Bank, NBT Bank, Tompkins Bank of Castile, and Tioga State Bank. The SBA licensing process is expected to require up to one year to fully complete.