Independent Bankers Capital Funds

General contacts
Investor type

PE

Founded

1998

AUM

$400 M

Location

Dallas, Texas, United States

Investment Ticket

$10-50 m

Investment Stage

Series B Late Stage (Series C+)

Region of investment

North America
Investor profile last updated: 16 August, 2026

Profile

Independent Bankers Capital Funds is a private equity firm based in Dallas, Texas, founded in 1998 by Barry Conrad and others. The firm specializes in mezzanine lending and purchasing equity securities for lower-middle-market companies, primarily in Texas and the Southern United States. With a team of 8 professionals, IBC Funds is known for its focus on providing junior capital to profitable businesses in sectors such as business services, aviation, light manufacturing, and value-added distribution.

The firm invests in companies with at least $10 million in revenue and $2 million in EBITDA, offering investment sizes ranging from $3 million to $18 million, with the possibility of co-investments for larger amounts. IBC Funds targets industries like business services, light manufacturing, and specialty food, and is actively investing from its $180 million IBC Fund IV. The firm is a licensed Small Business Investment Company and a member of the National Association of Small Business Investment Companies.

Notable investments by Independent Bankers Capital Funds include Persona Services Group - other commercial services, Texas Tamale Company - distributors/wholesale, Grand Equipment Company - distributors/wholesale, ProSet - construction and engineering, and Ziamatic - other commercial products.

Industry

Aerospace LegalTech CleanTech Energy Transportation Business Services (B2B) Construction Consumer Products Industrial Robotics

Independent Bankers Capital Funds Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region 		Size AUM Launch date
IBC Capital Fund IV
Private Equity (PE)
Business Services (B2B)
Robotics
Transportation
Energy
CleanTech
Series B
Late Stage (Series C+)
North America
$5-10 m
$180 M
November 2019
IBC Capital Fund II
Private Equity (PE)
Business Services (B2B)
Robotics
Energy
LegalTech
Series B
Late Stage (Series C+)
North America
$5-10 m
$75 M
October 2005

Contacts

Name
Title
Email
Social Networks
avatar
Larry Carter Managing Member
Managing Member
l•••@•••
LinkedIn
avatar
Meg Taylor CFO and Managing Member
CFO and Managing Member
m•••@•••
LinkedIn
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FAQs about Independent Bankers Capital Funds

Independent Bankers Capital Funds is a private equity firm. It backs companies at Series B and Late Stage (Series C+), writing tickets of $10-50 m.
Independent Bankers Capital Funds is located in Dallas, Texas, United States.
Independent Bankers Capital Funds was founded in 1998.
Independent Bankers Capital Funds invests in companies and startups in Aerospace, LegalTech, CleanTech, Energy, Transportation, Business Services (B2B), Construction, Consumer Products, Industrial, Robotics.
Independent Bankers Capital Funds invests in companies and startups in North America.
Independent Bankers Capital Funds invests in companies and startups at Series B, Late Stage (Series C+).
Independent Bankers Capital Funds usually invests $10-50 m on average.
Independent Bankers Capital Funds has around $400m assets under management.
Independent Bankers Capital Funds last fund was created/launched in 2019-11-10
Independent Bankers Capital Funds can be reached through its website ibcfund.com and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Independent Bankers Capital Funds — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.