Dear investors, advisors, executives, stakeholders, and friends,
CVF Capital Partners is proud to share the significant milestones and achievements shaping our year. Our team has been dedicated to advancing our mission and making impactful contributions to our community. Below, we highlight the key transactions and events that defined our year.
Fundraising
This year, we embarked on the exciting journey of starting the fundraising process for CVF IV. This new fund will enable us to continue our mission of supporting and growing promising businesses in the Central Valley, California, the Pacific Northwest, and the Intermountain West. We encourage prospective investors to direct communications to José Blanco for more information on the new fund.
Investments
CVF made no new platform investments during 2024 as we focused on creating value in the existing portfolio. CVF provided follow-on capital to Cordant Health Solutions (CHS). CHS is a provider of toxicology services including drug testing and specimen collection for the judicial and behavioral health markets.
Exits
Additionally, CVF III successfully exited its investment in Bonafide Medical Solutions (BMG, Bonafide) through a sale to WellSky in October. BMG is a leading health and community care technology company that offers cloud-based ERP SaaS solutions for the back-end infrastructure as well as a patient-facing platform of durable medical equipment (DME) and home medical equipment (HME).
In December 2024, CVF exited its investment in Vista Recreation after several years of positive growth. With CVF’s support, Vista Recreation completed three (3) follow-on acquisitions and expanded its geographic footprint to become one of the largest privately-owned recreation and campground management companies in the U.S. Vista Recreation partners with multiple public agencies at the federal, state, and local levels to operate campgrounds and recreation areas under long-term concession agreements.
Community Engagement
CVF continued our commitment to the community through sponsoring and participating in a variety of local events.
AEM Forum 2024: CVF Capital Partners proudly sponsored the AEM Forum 2024, which focused on strengthening Mexico-American relations. This event brought together leaders from both countries to discuss economic collaboration, trade policies, and cross-border innovation. CVF thesis continues to be that the Hispanic market will be a key component of the US economy.
Family Office & Private Wealth Management Forum West 2024: Our participation in the Napa Valley-based event allowed us to engage with key stakeholders and share insights on investment strategies, especially in private credit investing.
XV Anniversary of California-Mexico Advocacy Day: We celebrated the XV Anniversary of California-Mexico Advocacy Day, which highlighted the economic ties and future collaborations between California and Mexico. This event included discussions on trade, investment, and clean energy partnerships.
Business Focus Seminar 2024: Preparing a Business Sale to Maximize Value: CVF Capital Partners sponsored the Business Focus Seminar 2024, held at the Sacramento State Alumni Center. This seminar provided entrepreneurs and CEOs with strategic guidance on managing and preparing their businesses for sale to maximize value.
As we look ahead to 2025, we remain committed to driving growth, creating value, and making a positive impact in our community. Thank you for your continued support and partnership.
We wish everyone a Merry Christmas and a prosperous 2025!
Warm regards,
Jose Blanco
Managing Partner
On behalf of CVF Capital Partners