GROWTH CAPITAL PARTNERS, L.P. ANNOUNCES THE FINAL CLOSING OF ITS SECOND FUND

HOUSTON, June, 2006/PR/ - Growth Capital Partners, L.P. (“GCP”), an investment and merchant banking firm, today announced the closing of Southwest Mezzanine Investments II, L.P. (“SMI II”) at more than $65 million. Jim Forrester, Jim Rebello and Drew Sudduth will manage the operations of the fund. Investors include Amegy Holding Delaware, Inc., CUNA Mutual Life Insurance Company, Sumitomo Mitsui Banking Corporation, family offices and high net-worth individuals. “We are excited to build on the success of SMI I and increase the amount of capital available for investment in middle-market companies”, says David W. Sargent, CEO and President of Growth Capital Partners.

SMI II targets $2 to $5 million subordinated debt investments in middle-market companies requiring capital to accelerate growth internally or through acquisitions. In evaluating potential investments, SMI II is interested in companies with enterprise values in excess of $10 million, a history of profitable operations and possessing meaningful competitive advantages. SMI II seeks to make investments in both equity sponsored and unsponsored transactions for companies seeking capital to accelerate growth internally or finance add-on acquisitions. For more information please visit www.growth-capital.com/smi.html

About Growth Capital Partners, LP - Growth Capital Partners, L.P. is a premier, client-focused investment and merchant bank serving both private and public middle-market companies. With offices in Dallas, Houston, Austin and Greenwich, Connecticut, GCP has completed in excess of 200 transactions, raised more than $1 billion of institutional capital (through private placements of equity, subordinated, and senior debt), and completed merger and acquisition transactions with an aggregate value in excess of $2.0 billion. Additionally, GCP has assisted its clients with over 30 subordinated debt with warrants transactions. For more information please visit our web-site at www.growth-capital.com

Source:  Growth Capital Partners, L.P. member FINRA – SIPC

Growth Capital Partners, L.P. Securities offered through GCP Securities, Inc. member FINRA – SIPC

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