The Volcker Rule has spurred many a banker to begin sourcing deals in the lower end of the middle market, says Tecum Capital’s Stephen Gurgovits, a managing partner of the recently launched fund FNB Capital Partners.

The Wexford, Pa.-based fund and small business investment company (SBIC) came about via the spin out of the merchant banking business of FNB Corp. (NYSE: FNB) —a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which caused American banks to exit their private equity operations.

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