Michael McMahan
Gastonia, NC (USA)
Role(s):
Founder/Owner/Principal
Gaston Capital LLC
Find More Startups
Startup
Location:
Belmont
Industry:
Finance
Year Founded:
2007
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Gaston Capital is an innovative private equity firm founded in 2007. It manages funds and has managed three small equity funds. Fund 1 was very small, just $3.9MM, but investors in that fund netted over $37MM from 2007 to 2016 when the fund was closed and all funds distributed. The bulk of the investment return was in 2013. Fund 2 was $10.8MM and has done well. Distributions have been made and the seven companies in the portfolio are moving toward important financial milestones. Liquidity events are expected in 2019 and beyond. Fund 3 was formed in 2017 and raised $15MM. This is a concentrated healthcare fund with just five companies including biotech and medical devices. Gaston Capital expects a quick turn on these companies in three to four years at the most. Gaston Capital now wants to launch a $100MM fund and is seeking $10MM to $15MM growth capital to fund this expansion.