Cambridge Capital Management

The firm does not raise traditional private equity funds. It sources capital through government-guaranteed SBA 504 debentures, New Market Tax Credit allocations, and affiliated community lending vehicles such as the Indiana Community Business Credit Corporation. This public-private structure allows it to fund companies that fall outside conventional bank underwriting standards.

The firm offers non-traditional growth capital primarily through debt programs. Its flagship is the SBA 504 loan, which provides long-term, fixed-rate financing for major fixed assets. It also manages New Market Tax Credit loan pools and operates direct lending programs via Lynx Capital Corporation and Cambridge Ventures L.P., covering seed, expansion, late-stage growth, and management buyout scenarios.

Though classified as an asset manager with a private equity subtype, Cambridge Capital Management functions as an economic development lender. It structures government-backed loan programs for Indiana businesses — including SBA 504 loans and tax-credit-enhanced debt — rather than acquiring equity stakes or raising closed-end buyout funds.

The firm's activities are concentrated entirely in Indiana. It operates as the management corporation for the Indiana Statewide Certified Development Corporation, and its affiliated lending entities — Lynx Capital Corporation, Indiana Community Business Credit Corporation, and Cambridge Ventures L.P. — all direct capital to Indiana-based companies.

Cambridge Capital targets promising firms that may not qualify for conventional business loans. It serves a broad range of Indiana companies across funding stages from seed to expansion and management buyouts, using tailored loan programs that emphasize flexibility over traditional credit metrics.