The information contained on this website is provided for general informational purposes only and represents the opinions of Balance Point Capital Advisors, LLC (“BPCA”) as of the date presented. It does not constitute investment advice, a recommendation, or an offer or solicitation to purchase any security or interest in any fund managed by BPCA. Any such offer or solicitation will be made only through definitive offering documents. Opinions and views expressed are subject to change without notice and should not be construed as a guarantee of future results.
Unless otherwise noted, the following figures represent activity across FNEC III and all Balance Point funds (excluding CGC Capital, LLC), as of June 30, 2026. Capital commitments represent private capital commitments and committed SBA leverage, as applicable. Capital deployed/invested figures represent capital invested in portfolio investments, including recycled capital. The number of debt and equity investments represents each debt and equity investment made, counted individually.
FNEC III represents a continuation of the First New England Capital (“First New England”) fund family, which operated under the management of Richard Klaffky until 2007. In 2007, Seth Alvord was hired into First New England as a Partner, the principal steward of FNEC III, as part of the succession planning for Mr. Klaffky’s retirement. Mr. Alvord is the primary architect of FNEC III’s investment strategy, focusing the fund’s investments on non-cyclical businesses within the U.S. lower middle market service economy. Mr. Alvord was responsible for raising approximately 70% of FNEC III’s private capital, as well as sourcing and leading the diligence, execution, and disposition of approximately 70% (in number) of FNEC III’s investments. Mr. Alvord is the only current Balance Point partner who serves on the investment committee of FNEC III. Other Balance Point partners are not on the investment committee and are not otherwise involved with FNEC III. The investment committee is comprised of Seth W. Alvord, Richard C. Klaffky, and John L. Ritter, and investment decisions require unanimous approval of the investment committee. Balance Point provides regular and ongoing investment advisory services to FNEC III, including, without limitation, monitoring FNEC III’s portfolio investments, making recommendations for the purchase and sale of FNEC III portfolio investments, and arranging and effecting such purchases or sales. Other investment professionals who are not involved with the affairs of future Balance Point funds were involved with FNEC III’s investments and performance results.
The companies shown represent all current and/or former portfolio investments of Balance Point Capital Advisors, LLC and its affiliated funds. This information is provided for illustrative purposes only and is not intended to recommend any company or investment. It should not be assumed that any investment identified was or will be profitable.
