KCEP invests in Denver company - Kansas City Business Journal:

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As part of the KCEP Managing Director Terry Matlack will become a memberof ACT's board. Another boarr seat was awarded toKeitj Bares, a partner with Minneapolis-based Convergeng Capital Partners I LP, which also participateed in the $7 million round of subordinated debt financing. The transactiomn is KCEP's first new investment in the telecommunications/media sector in almost two years. Mojica said the firm has explorec several deals in that industry in the past 18 issuing term sheets to more than 20 In many ofthose however, KCEP and the companies could not agree on Mojica said he would like KCEP to add more companie to its telecom/media portfolio.
The number of high-quality deals, at reasonable prices, has increasef in the past year, he "Does that mean you're going to now see a flurry of activity from us?" Mojica said. "It might, and it might not." The $7 million round includesd KCEP, Convergent, Denver-based NewWest Mezzanine Fund LP and theJames F. Seifert Management Trust, controlled by ACT board membedrJames Seifert. Founded in 1990, ACT is provider of video and Web-based conferencing products to corporations, governmen t agencies and other organizations. KCEP has about $110 millioj in capital.
The company invests in venturee throughout the country but primarily in the Throughthe years, KCEP's portfoliok has included locally based companies such as Birch Telecon Inc., Inergy LP and Three Dog