Comerica
Veteran fund lender to emerging and mid-sized VC managers.
Fund FinanceFirmUnited States & Canada
Target market
Emerging and mid-sized VC and PE fund managers
Typical check
Mid-sized facilities, syndicating larger needs
Geography
United States & Canada
Overview
Comerica's Equity Fund Services group provides subscription lines, management-company working-capital loans and GP-commitment financing to hundreds of venture and private-equity funds across the US and Canada — a common first lender for emerging managers. Its technology banking roots run back through the 2001 acquisition of Imperial Bancorp, making it one of the longest-tenured banks in venture.
Key facts
- Dedicated Equity Fund Services group with hundreds of fund clients
- Finances GP commitments and management companies, not just funds
- Tech-banking lineage dating to the Imperial Bancorp acquisition (2001)
- Headquartered in Dallas, Texas