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Capital City Ventures, L.P.
Mayor Announces New Venture Capital Firm to Spur Small Business Growth
December 11, 2002




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Press release Capital City Ventures Fact sheet
Lloyd Jordan biography Leon Wilson biography



Mayor Announces New Venture Capital Firm to Spur Small Business Growth

(Washington, DC) Mayor Anthony A. Williams announced today the organization of a new venture capital fund designed to provide investment dollars for early stage growth businesses in the District and the mid-Atlantic region. The new fund, Capital City Ventures, L.P., begins operation with an investment pool of $1.7 million. Early investors to the venture fund include the National Capital Revitalization Corporation (NCRC), which committed to $1 million, Southern Financial Bank with an investment of $500,000 and BB&T with a $200,000 investment.

"New sources of equity funding for District businesses will ensure the continued economic vitality of our city and the metropolitan area," said Mayor Williams. "Capital City Ventures' decision to locate here means that the District's good, solid investment opportunities will now have an additional, attentive source of financing."

According to Capital City Ventures, L.P. organizers, the new fund will fill the financing gap left vacant by other investment entities interested only in capitalizing later-stage businesses.

"I am especially encouraged that Capital City Ventures will seek out investment opportunities among locallybased women and minority entrepreneurs," said S. Kathryn Allen, commissioner of the District's Department of Banking and Financial Institutions (DBFI). "DBFI works to ensure that District-based businesses have access to the full array of financial services needed to ensure business growth and stability."

Corporate attorney and business turnaround expert, Lloyd Jordan and long-time banking senior executive, Leon Wilson, represent the principals of the Capital City Capital Group, LLC, the general partner and investment manager for Capital City Ventures, L.P. "We believe the District and the midAtlantic region represent fertile ground for the kind of investment opportunity Capital City Ventures offers," said Jordan. "Traditional venture capitalists usually reject small venture capital deals largely due to the amount of time, technical assistance and business growth strategies these kinds of investments require."

The new venture fund expects to raise an investment pool totaling $30 million and anticipates a first closing when $10 million is secured. Plans also call for obtaining an SBA-issued Small Business Investment Company (SBIC) license.

Companies that become a part of the Capital City Ventures investment portfolio can expect capital infusions that range in size from $200,000 to $1 million. In some instances, decisions may be made to increase the total invested in a single company.

"Business opportunities that fit our investment philosophy will be characterized by strong management, a sound business plan and a potential for long-term growth," said Wilson. "We are especially committed to minority and women entrepreneurs."

For more information on Capital City Ventures, L.P., call 202-535-2498.

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Capital City Ventures, L.P ,1400 L Street, NW, Suite 400, Washington, DC 20005

Fact Sheet

  • Capital City Ventures, L.P. is a newly created DC limited partnership with Capital City Capital Group, LLC as general partner and limited partner investors.
  • The general partner is responsible for the management, investment decisions, and conduct of the new venture fund.
  • Capital City Ventures, L.P. was established to provide equity investments in companies with growth potential for businesses generally located within the District of Columbia.
  • The new venture fund will consider investments in businesses that are characterized by strong management, a sound business plan, and have the potential for long-term growth.
  • Fund managers are committed to investing in small venture capital deals often rejected by traditional venture capital companies largely due to the amount of time, technical assistance, and business growth strategies these types of investments require.
  • Investment opportunities presented by historically disadvantaged entrepreneurs will be encouraged. Fund managers bring a special understanding of the needs of early stage businesses operated by these groups.
  • The venture fund looks to support Mayor Williams' goal of opening new sources of capital for small businesses located in the District of Columbia, as well as the greater metropolitan area.
  • Companies that become part of the fund's investment portfolio can expect capital infusions that range in size from $200,000 to $1,000,000.
  • Early venture fund investors include the National Capital Revitalization Corporation (NCRC), which committed $1 million, Southern Financial Bank with an investment of $500,000, and BB&T bank with a $200,000 investment. It has received additional commitments near $1 million. In addition, the fund, with a Federal match, expects to raise an investment pool of $30 million.
  • Capital City Capital Group, LLC, principals include Lloyd Jordan corporate attorney and business turnaround expert, who serves as president, and seasoned banking senior executive, Leon Wilson who serves as the fund's CEO.

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Lloyd J. Jordan
Capital City Capital Group, LLC

Lloyd J. Jordan is an attorney with the Washington, DC-based law firm of Holland & Knight LLP and brings more than 20 years of executive management experience to Capital City Ventures. Highlights of an impressive business and legal career include holding the position as an executive for the 6th largest insurance company in America, and serving as Chief Administrative Officer for the City of St. Louis where he managed the municipal corporation. While there, Mr. Jordan authored the turnaround management plan for the municipal corporation that laid the groundwork for an unprecedented, threelevel credit rating increase within a three-year timeframe. As a result, the corporation experienced a three-year cash surplus. Mr. Jordan earlier served as Chief Executive Officer of the St. Louis Economic Development Corporation, and President of the St. Louis Municipal Financing Corporation.

Mr. Jordan has participated in the creation, negotiation, and management of entities with a combined net worth in excess of $800 million. As a corporate attorney and turnaround management expert, Mr. Jordan has successfully developed business strategies for numerous multi-disciplined entities to solve their operational deficiencies. His talents and astute business strategies have been recognized nationally. In 1993, Mr. Jordan created the financial plan that ultimately led to the exit of Trans World Airlines (TWA) from its 1993 bankruptcy. As notable, Mr. Jordan managed the City of St. Louis' acquisition of the Los Angeles Rams Football team.

Mr. Jordan has been featured in Ebony Magazine and listed as one of the "100 Most Influential African-Americans in America." He has received numerous service awards, keys to the cities of Dallas, Memphis, and Gary, along with being made an honorary citizen of Louisiana, Kentucky, and Indiana.

Omega Psi Phi Fraternity, one of the largest fraternal organizations in the nation with a membership totaling approximately 167,000 in 600 chapters worldwide, selected Mr. Jordan as its international president. Additionally, he serves on the boards of the National Black Leadership Roundtable and the National Voting Coalition, along with other communitybased organizations. Mr. Jordan's earlier professional and civic involvements included service as president of the Mound City Bar Association, Vice President of the St. Louis chapter of the NAACP, and President of the Washington University Black Alumni Council.

Mr. Jordan attended Washington University's School of Engineering in St. Louis where he received a Bachelor of Science degree in computer science and applied mathematics. He later earned a Juris Doctorate from St. Louis University School of Law. As a Danforth Foundation Fellow, Mr. Jordan attended the Kennedy School of Government at Harvard University where he completed the School's program for senior executives.

12/ 10/2002

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Leon E. Wilson
Chief Executive Officer
Capital City Capital Group, LLC

Leon E. Wilson brings more than 30 years of banking and financial management to Capital City Ventures and currently holds the position of Executive Vice President and Managing Director, Mid-Market Institutional Asset Management at one of the nation's top 20 largest institutions.

Previously, Mr. Wilson held the position of Corporate Senior Vice President/Managing Director of GMAC Residential, the holding company for GMAC Mortgage, GMAC Global Relocation Services, GMAC Home Service, GMAC Real Estate, GM Bank, Family First by GMAC and ditech.com. In that capacity, Mr. Wilson along with the other seven Executive council members was responsible for managing the operations of and strategic direction for the financial services company.

Prior to GMAC Mr. Wilson served as Senior Vice President and Regional Manager with Fleet's Not-For-Profit Division. Mr. Wilson's experience in the financial world prepared him to spearhead GMAC Mortgage's Emerging Markets initiative. Established in 1998, the division led GMAC's entry in to the burgeoning Asian American, African American, and Hispanic marketplace simultaneously positioning the company's automotive and home financing products Within one year under Wilson's direction, mortgage loans made to Emerging Markets customers increased from 10 to 20 percent.

Wilson's Emerging Markets Division also housed GMAC Mortgage's new Economic and Community Lending initiative. The $100 million fund was established to help finance housing and economic development in underserved and urban communities. In combination, Wilson constructed an approach that addressed the complete home buying needs of Emerging Markets customers.

Earlier, Wilson worked for the Bank of Boston where he held increasingly more senior positions; leaving as National Director, Risk Management & Compliance for The Private Bank. Beginning his nine-year career there as Vice President and Division Head of the Consumer Finance Division, he was then tapped to be Director, Massachusetts Residential Mortgage Division, served as the Chairman of the First Community Bank where he designed the bank's "Bank Within a Bank" strategy and product development, and moved to Senior Vice President/Director of BancBoston Mortgage Corporation. His earlier years in banking began at Boston's Shawmut Bank as Senior Lender, Consumer Banking with responsibility for credit card and consumer finance.

Mr. Wilson has served on numerous professional and community boards including The Bell Foundation, Dimock Health Care, Fannie Mae's Regional Advisory Board, Cambridge Colleges Board of Trustees, and Philadelphia Safe and Sound, to name a few. Nationally recognized as an expert in his field, Wilson is often called upon as a speaker on home ownership, community development, and financial services.

Mr. Wilson completed advanced studies at Harvard Business School and the University of Virginia's Graduate School of Retail Bank Management. He holds an undergraduate degree from Boston University.


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