Smith Whiley & Co., founded in 1994 by Gwendolyn Smith Iloani, is the nation’s second largest minority- and woman-owned private equity firm. The company focuses on later stage investments and expansion financing in
healthcare, industrial, consumer, technology industries, communications as well a the food and beverage industries. At the end of the fourth quarter in 2008, the company managed $300 million in capital–up 11% from the previous year.Later this year, the Hartford-based firm will launch its SW Pelham IV Fund.