Equity firm turns up searchlight

Stonehenge Growth Equity Partners, a Tampa-based firm that recently raised $40 million to invest in Southeast technology and business services companies, seeks new entities to fund.

This comes off its latest success, an eight-year investment in Rochester, N.Y.-based iCardiac Technologies. That firm, which provides cardiac safety assessment services, attracted next-stage capital from new venture partners after several years of fast revenue growth, says Stonehenge Growth Equity Partners Managing Partner Brian Model. Stonehenge officials decline to release terms of the firm's exit.

“It was a very positive exit,” Model tells Coffee Talk. “We returned a modest gain on our investment. Now I'm off to find the next one.”