Pine Street Capital Partners ("PSCP") is pleased to announce that it has received approval from the U.S. Small Business Administration ("SBA") for its second Small Business Investment Company ("SBIC") license and has held a first closing of Pine Street Capital Partners III, LP ("PSCP III").

Consistent with the investment strategy of its predecessor funds, PSCP III will provide subordinated debt and minority equity capital to high quality middle market companies based in the United States. PSCP III will invest $3-10 million per transaction to support corporate growth initiatives, acquisitions, recapitalizations and change of control situations.

Since 2005, PSCP has invested approximately $100 million in over 30 businesses to help middle market company owners and management meet their personal and corporate objectives. Fund principals greatly appreciate the support of the SBA and our private investor base to allow us to continue our successful investment strategy.