Advantage X

Advantage Capital is a venture capital firm founded in 1992 and based in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, primarily targeting small businesses at various stages of development, from early to later stages, excluding seed investments. Advantage Capital focuses on investing in low-income communities, both urban and rural, and supports state and local economic development initiatives. It seeks opportunities in sectors such as communication, information technology, telecommunications, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy, while also considering investments in rural agricultural businesses. The firm typically makes initial investments ranging from $0.5 million to $10 million in companies with sales of less than $5 million, with potential for larger investments based on milestones. Advantage Capital also provides various forms of debt capital and prefers co-investing with other firms. The firm is committed to addressing the financing needs of underserved areas and fostering economic growth in communities lacking traditional sources of risk capital.

Al Alvarez

Director

Brian Anderson

Managing Director

Anthony Billings

Senior Vice President and Investment Team Member

Bitting, Thomas H.P.

Managing Director

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Trey Garland

Senior Associate

Christopher C. Harris

Principal

Joseph Henderson

Senior Vice President

Leah Hendricks

Vice President

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director / Chief Impact Officer

Scott Murphy

Managing Director and Chief Investment Officer

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Keith Pettus

Principal

Damon L. Rawie

Managing Director

Josh Rogers

Principal

Gabe Rosen

Vice President

Talmadge Singer

Managing Director

Steven T. Stull

President

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President

Benjamin T. Warning

Vice President

J.P. Lynch

Vice President

Past deals in Restaurants

Fishpeople

Convertible Note in 2021
Fishpeople Seafood is a food production company that specializes in providing grocery retail, and sustainable seafood. The company is a dynamic organization experiencing rapid growth and is disrupting the seafood industry status quo by introducing innovative and sustainable seafood products. Fishpeople Seafood was founded in 2012 and is headquartered in Portland, Oregon.

Butler's Pantry

Debt Financing in 2020
Butler's Pantry provides catering services. It offers its services for weddings, brunches, cocktail parties, dinner parties, gala fundraisers, anniversaries, open houses, corporate catering, box lunches, boardroom lunches, receptions, client appreciation events, company picnics, and holiday celebrations. The company was founded in 1966 and is based in St. Louis, Missouri.

Lamm Food

Debt Financing in 2020
Lamm Food Service is a food distribution company dedicated to supplying high-quality products and exceptional service to meet the diverse needs of its customers. As a full-line distributor, Lamm offers a broad selection of name-brand products from recognized national manufacturers, while also supporting local businesses that produce Louisiana food products. The company serves various institutions, including schools, prisons, and hospitals, ensuring timely delivery of fresh food to its clients across Louisiana.

Kaldis Coffee Roasting Company

Debt Financing in 2020
Kaldis Coffee Roasting Company is a food & beverages company providing coffee products and services.

Twin Rivers Foods

Debt Financing in 2020
Twin Rivers Foods operates as a slaughterhouse and meat processing plant. The company provides poultry slaughtering and processing. Twin Rivers Foods conducts business and packages meats.

Picayune Hospitality

Debt Financing in 2019
Picayune Hospitality is an operator of public hotels and motels.

Bumpers America’s Favorite Foods

Debt Financing in 2018
Bumpers is a quick-service drive-in and drive-thru restaurant offering cooked-to-order food. The Bumpers menu features burgers, fresh-cut, hand-battered onion rings, chicken bites and chicken tenders, chili cheese dogs and many other hometown favorites.

Fishpeople

Series B in 2017
Fishpeople Seafood is a food production company that specializes in providing grocery retail, and sustainable seafood. The company is a dynamic organization experiencing rapid growth and is disrupting the seafood industry status quo by introducing innovative and sustainable seafood products. Fishpeople Seafood was founded in 2012 and is headquartered in Portland, Oregon.

South Market

Debt Financing in 2016
South Market is a neighborhood that blends the city's retailers, restaurants, and entertainment with luxury residences and hospitality venues. It is located at the intersection of the Warehouse/Arts District, Central Business District, Medical District, and Sports/Entertainment District. All South Market buildings feature a warehouse-like design that complements the historic surroundings while incorporating "green" and sustainable elements — a modern twist on classic New Orleans.

Tortillas

Debt Financing in 2016
Tortillas Inc. is a food manufacturing company based in North Las Vegas, Nevada, specializing in the production and sale of various types of tortillas. Established in 1979, the company offers a range of retail products, including corn, flour, and fried tortillas, which are distributed through grocery stores in the Las Vegas valley. In addition to retail offerings, Tortillas Inc. supplies food service products to restaurants and businesses in Nevada, Utah, and Arizona. Their product lineup includes white corn, yellow and colored corn tortillas, flavored corn, pre-cut chips, fresh ground corn masa, and flavored wraps, among others.

Kaldis Coffee Roasting Company

Debt Financing in 2016
Kaldis Coffee Roasting Company is a food & beverages company providing coffee products and services.

Baileys'​ Restaurants

Debt Financing in 2016
Baileys'​ Restaurants operates a family of restaurants and event spaces to provide guests with memorable experiences. It focuses on seasonal ingredients, sourcing locally, responsibly-raised meats, and sustainable practices, striving to stay true to its “farm-to-table” mission. The restaurant's chefs smoke whole hogs, bake all of its bread and pastries from scratch, and make every sauce and dressing. It also tends to a variety of herbs, vegetables, flowers, and even a collection of beehives to be used in its dishes. It was established in 2004 in St Louis, Missouri.

Butler's Pantry

Debt Financing in 2015
Butler's Pantry provides catering services. It offers its services for weddings, brunches, cocktail parties, dinner parties, gala fundraisers, anniversaries, open houses, corporate catering, box lunches, boardroom lunches, receptions, client appreciation events, company picnics, and holiday celebrations. The company was founded in 1966 and is based in St. Louis, Missouri.

Jackie’s International

Debt Financing in 2015
Jackie’s International is a hospitality company that owns and operates restaurants and hotels. It was founded by Dr. S. L. Sethi in 1973.

Rotolo's Pizzeria

Debt Financing in 2015
Rotolo's Pizzeria is an Italian restaurant franchise that specializes in a variety of menu items, including specialty pizzas, starters, cheese sticks, salads, wings, calzones, wraps, sandwiches, pasta, and desserts. Established in 1996 in Baton Rouge by Mitch Rotolo, the franchise focuses on using fresh ingredients to create its original dough, homemade sauces, and freshly prepared vegetables. Rotolo's Pizzeria aims to deliver high-quality food and service at affordable prices within a fun, family-friendly atmosphere. The restaurant provides options for pick-up, dining, and catering, ensuring a versatile experience for its customers.

Arcobasso Foods

Debt Financing in 2015
Arcobasso Foods, Inc. is a manufacturer specializing in custom sauces, dressings, and beverage mixers, with a focus on refrigerated products. Established in 1986, the company operates from a 60,000 square foot facility in Hazelwood, Missouri, offering a range of bottling and packaging options, including retail, single-serve, and bulk formats tailored for foodservice clients. Arcobasso Foods serves a diverse clientele, including multi-unit restaurant chains, retailers, convenience stores, grocery chains, and food distributors. The company is known for its commitment to producing high-quality products that can be customized to enhance flavor, texture, and overall quality, catering to the specific needs of its customers. As of May 2019, Arcobasso Foods operates as a subsidiary of Golding Farms Foods, Inc.

Tortillas

Debt Financing in 2014
Tortillas Inc. is a food manufacturing company based in North Las Vegas, Nevada, specializing in the production and sale of various types of tortillas. Established in 1979, the company offers a range of retail products, including corn, flour, and fried tortillas, which are distributed through grocery stores in the Las Vegas valley. In addition to retail offerings, Tortillas Inc. supplies food service products to restaurants and businesses in Nevada, Utah, and Arizona. Their product lineup includes white corn, yellow and colored corn tortillas, flavored corn, pre-cut chips, fresh ground corn masa, and flavored wraps, among others.

Arcobasso Foods

Debt Financing in 2014
Arcobasso Foods, Inc. is a manufacturer specializing in custom sauces, dressings, and beverage mixers, with a focus on refrigerated products. Established in 1986, the company operates from a 60,000 square foot facility in Hazelwood, Missouri, offering a range of bottling and packaging options, including retail, single-serve, and bulk formats tailored for foodservice clients. Arcobasso Foods serves a diverse clientele, including multi-unit restaurant chains, retailers, convenience stores, grocery chains, and food distributors. The company is known for its commitment to producing high-quality products that can be customized to enhance flavor, texture, and overall quality, catering to the specific needs of its customers. As of May 2019, Arcobasso Foods operates as a subsidiary of Golding Farms Foods, Inc.

Rotolo's Pizzeria

Debt Financing in 2014
Rotolo's Pizzeria is an Italian restaurant franchise that specializes in a variety of menu items, including specialty pizzas, starters, cheese sticks, salads, wings, calzones, wraps, sandwiches, pasta, and desserts. Established in 1996 in Baton Rouge by Mitch Rotolo, the franchise focuses on using fresh ingredients to create its original dough, homemade sauces, and freshly prepared vegetables. Rotolo's Pizzeria aims to deliver high-quality food and service at affordable prices within a fun, family-friendly atmosphere. The restaurant provides options for pick-up, dining, and catering, ensuring a versatile experience for its customers.

Butler's Pantry

Debt Financing in 2014
Butler's Pantry provides catering services. It offers its services for weddings, brunches, cocktail parties, dinner parties, gala fundraisers, anniversaries, open houses, corporate catering, box lunches, boardroom lunches, receptions, client appreciation events, company picnics, and holiday celebrations. The company was founded in 1966 and is based in St. Louis, Missouri.

Lamm Food

Debt Financing in 2013
Lamm Food Service is a food distribution company dedicated to supplying high-quality products and exceptional service to meet the diverse needs of its customers. As a full-line distributor, Lamm offers a broad selection of name-brand products from recognized national manufacturers, while also supporting local businesses that produce Louisiana food products. The company serves various institutions, including schools, prisons, and hospitals, ensuring timely delivery of fresh food to its clients across Louisiana.

Arcobasso Foods

Debt Financing in 2013
Arcobasso Foods, Inc. is a manufacturer specializing in custom sauces, dressings, and beverage mixers, with a focus on refrigerated products. Established in 1986, the company operates from a 60,000 square foot facility in Hazelwood, Missouri, offering a range of bottling and packaging options, including retail, single-serve, and bulk formats tailored for foodservice clients. Arcobasso Foods serves a diverse clientele, including multi-unit restaurant chains, retailers, convenience stores, grocery chains, and food distributors. The company is known for its commitment to producing high-quality products that can be customized to enhance flavor, texture, and overall quality, catering to the specific needs of its customers. As of May 2019, Arcobasso Foods operates as a subsidiary of Golding Farms Foods, Inc.

Rotolo's Pizzeria

Debt Financing in 2012
Rotolo's Pizzeria is an Italian restaurant franchise that specializes in a variety of menu items, including specialty pizzas, starters, cheese sticks, salads, wings, calzones, wraps, sandwiches, pasta, and desserts. Established in 1996 in Baton Rouge by Mitch Rotolo, the franchise focuses on using fresh ingredients to create its original dough, homemade sauces, and freshly prepared vegetables. Rotolo's Pizzeria aims to deliver high-quality food and service at affordable prices within a fun, family-friendly atmosphere. The restaurant provides options for pick-up, dining, and catering, ensuring a versatile experience for its customers.

Lamm Food

Debt Financing in 2012
Lamm Food Service is a food distribution company dedicated to supplying high-quality products and exceptional service to meet the diverse needs of its customers. As a full-line distributor, Lamm offers a broad selection of name-brand products from recognized national manufacturers, while also supporting local businesses that produce Louisiana food products. The company serves various institutions, including schools, prisons, and hospitals, ensuring timely delivery of fresh food to its clients across Louisiana.
International Cruise Food and Hotel Suppliers is a family-owned and operated company that serves personalized services in the cruise line industry.

Smokin' Guns BBQ & Catering

Debt Financing in 2012
Smokin' Guns BBQ & Catering provides a delicious meal in whatever setting a customer wants. Smokin' Guns BBQ & Catering also serves world-class meat, savory sides, and delicious desserts.

United States Dinnerware

Debt Financing in 2012
United States Dinnerware designs and manufactures injected plasticware made from plastic resins. The company also offers a variety of injection-molded products that include trays, tumblers, tote boxes, and storage containers. It offers unique sizes and colors, plus outstanding value to meet the need of any foodservice operation, no matter what size or location.

Historic Restoration

Debt Financing in 2011
Historic Restoration is a restoration company that specializes in the repair and alteration of heritage buildings and structures.

Allen Brothers

Debt Financing in 2011
Allen Brothers, Inc., a Chicago-based supplier of USDA Prime grade beef.

Butler's Pantry

Debt Financing in 2011
Butler's Pantry provides catering services. It offers its services for weddings, brunches, cocktail parties, dinner parties, gala fundraisers, anniversaries, open houses, corporate catering, box lunches, boardroom lunches, receptions, client appreciation events, company picnics, and holiday celebrations. The company was founded in 1966 and is based in St. Louis, Missouri.

United States Dinnerware

Debt Financing in 2011
United States Dinnerware designs and manufactures injected plasticware made from plastic resins. The company also offers a variety of injection-molded products that include trays, tumblers, tote boxes, and storage containers. It offers unique sizes and colors, plus outstanding value to meet the need of any foodservice operation, no matter what size or location.

Allen Brothers

Debt Financing in 2010
Allen Brothers, Inc., a Chicago-based supplier of USDA Prime grade beef.

Allen Brothers

Venture Round in 2010
Allen Brothers, Inc., a Chicago-based supplier of USDA Prime grade beef.

Allen Brothers

Debt Financing in 2009
Allen Brothers, Inc., a Chicago-based supplier of USDA Prime grade beef.

Butler's Pantry

Debt Financing in 2008
Butler's Pantry provides catering services. It offers its services for weddings, brunches, cocktail parties, dinner parties, gala fundraisers, anniversaries, open houses, corporate catering, box lunches, boardroom lunches, receptions, client appreciation events, company picnics, and holiday celebrations. The company was founded in 1966 and is based in St. Louis, Missouri.

Roberts Hotels CWE

Debt Financing in 2008
Roberts Hotels CWE operates hotels and motels for accommodation services. It is based in Missouri, USA.

The Soda Fountain

Debt Financing in 2008
The Soda Fountain sells and provides sweet treats and desserts. It offers various kinds of snacks, from shakes, sandwiches, ice cream, and soft drinks. The Soda Fountain is based in Missouri, USA.

The Soda Fountain

Debt Financing in 2006
The Soda Fountain sells and provides sweet treats and desserts. It offers various kinds of snacks, from shakes, sandwiches, ice cream, and soft drinks. The Soda Fountain is based in Missouri, USA.

Grace Lofts

Venture Round in 2004
Grace Lofts offers restaurants, galleries, retail stores, and cafes with outdoor areas. Grace Lofts was founded in 2021 and was headquartered in St. Louis, USA.

Grace Lofts

Debt Financing in 2004
Grace Lofts offers restaurants, galleries, retail stores, and cafes with outdoor areas. Grace Lofts was founded in 2021 and was headquartered in St. Louis, USA.

Historic Restoration

Venture Round in 1997
Historic Restoration is a restoration company that specializes in the repair and alteration of heritage buildings and structures.
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