1st & Main Growth Partners
Assets Under Management
$957.4M
Number of Clients
3
Number of Advisors
N/A
Avg. Portfolio per Client
$319.1M
Avg. Managed per Advisor
N/A
Compensation
N/A
About This Firm
1st & Main Growth Partners, operating as The Banc Funds Company, manages investment funds that invest in financial service companies. These funds focus on subregional banks, thrifts, insurance companies, and other financial service providers. 1st & Main aims to identify value and exit investments successfully, considering factors like company balance sheets, business strategies, and economic conditions. Investments are subject to risks common to private equity, including limited liquidity and reliance on the firm's management.
Fee Structure
1st & Main Growth Partners manages private equity funds, and the management fees are based on the paid-in capital of each fund. The fees are 2% of the paid-in capital. The general partner may modify those fees under certain circumstances. Each fund is also charged a performance fee based on the performance of the assets under management.
Areas of Practice
Location
150 S. Wacker Drive, Suite 2725, Chicago, IL, 60606-3105