Vopne Capital, a San Francisco-based private investment firm, announced the launch of its first fund, Vopne Capital Fund I, with $20 million of equity capital. Vopne Capital is focused on acquisitions, recapitalizations and financings of companies in the lower middle-market businesses with EBITDA of $1 million to $5 million.

"We're excited to launch the fund," said Jim Bloom, managing partner at Vopne Capital. "The lower middle market contains great companies whose access to capital is limited. Vopne Fund I provides us with dedicated capital for small business owners looking to sell, recapitalize or transition ownership of their company. Vopne is actively seeking investment opportunities in manufacturing, healthcare, industrial and business services. Vopne targets transactions requiring total capital -- equity and debt -- of $5 million to $25 million."

Jim Bloom, founder and managing partner at Vopne Capital, brings significant investment and senior executive operating experience to the fund. Prior to founding Vopne, Bloom was a Principal at Tinicum Capital Partners, a $1.5 billion private investment fund.

Founded in 2012, Vopne Capital invests in manufacturing, healthcare, industrial and business services companies with EBITDA of $1 million to $5 million. Vopne works with business owners looking to sell, recapitalize or transition ownership in their company. Vopnes investment philosophy is to help owners and managers maximize their company's value over the long-term through strategic and operational improvements.