Bio

Mr. Carter joined IBC Funds in 2021, after serving as managing director and principal of three prior SBIC funds with Diamond State Ventures (“DSV”). Throughout his 22 years at DSV, the combined funds invested over $220 million of total capital into 66 portfolio companies. DSV co-invested alongside IBC Funds in a number of portfolio companies over a relationship spanning more than 20 years. Mr. Carter is responsible for all aspects of deal management including sourcing, structuring, analyzing, and negotiating direct junior capital investments as well as working with management teams post-closing. His experience includes investment banking with PaineWebber in New York, equity syndications with First Chicago Corp. in Chicago, and deal originations with Bank of America (NationsBank) in Dallas. He has served as President of the Southern Region Board of the Small Business Investor Alliance as well as a National Board Member. Larry graduated from the University of Arkansas in 1987 with a B.S. in Business Administration focusing on the financial management program.