KB PARTNERS ANNOUNCES $78 MILLION FINAL CLOSE

By Keith Bank,
KB Partners
Published: May 2001

Northbrook, IL, May 8, 2001– Northbrook, IL based KB Partners, L.L.C., a Midwest focused, early stage technology venture capital firm, announced that is has completed the final closing on KB Partners Venture Fund II at approximately $78 Million. This exceeded the firm’s initial $60 Million target. KB has made four investments to date in the new fund, including Evanston, IL based Cobotics, a collaborative motion control technology company; Lisle, IL based Cadant, a leading developer of carrier class cable modem termination systems; Lombard, IL based Corona Optical Systems, a developer of high speed optoelectronic components and subsystems; and Indianapolis, IN based Mezzia, a supply chain demand planning software company.

Limited partners in KB II include both high net worth individuals and institutional investors. Among the fund’s investors are INVESCO Private Capital, National City Bank, Hexagon Investments, Ralph Wilson Equity Fund, and AIC Limited. KB’s four Managing Directors are Keith Bank, Byron Denenberg, Robert Garber and Bob Zieserl.