Bill Fickling has been named portfolio manager for TCA’s Opportunities Fund I, a small-cap, private equity fund that invests in underserved growth stage companies. In this role, his focus will be on overseeing portfolio investments and securing returns from equity positions where TCA has capital invested.
“Bill has been a trusted advisor and one of our operating partners for several years,” said TCA Founding Partner and CEO Bob Press. “When the decision was made to extend our business model and start a private equity fund, we knew his instincts and expertise made him the perfect choice to manage the portfolio.”
Fickling has more than 40 years’ experience leading investment organizations. His greatest success came in 2005 when, as vice president of Mulberry Street Investment Company, his family’s private investment arm, he oversaw the sale of Beech Street Corporation to Concentra for $170 million. Prior to the Fickling family’s ownership, Beech Street had been a failing preferred provider organization and workman’s compensation bill review firm.
“TCA has identified a niche market of growth companies that desperately need the level of capital our Opportunities Fund can deliver,” said Fickling. “These are small to medium-sized enterprises that could benefit from the deployment of $5-15 million in working capital. In the current market, there just aren’t that many players willing and able to invest at that level.”
The TCA Opportunities Fund I strategically invests in small cap companies to enhance growth and profitability. Operating across the capital structure, and in an area between some of the newer investment vehicles and institutional lenders, it capitalizes on the financial expertise and vast experience of the TCA Fund Management Group, its associates, and synergy with the TCA Global Credit Master Fund.