Leon J. Backes, founder and president of Provident Capital Ventures, has an established track record of successful venture investments. Under his leadership, Provident quickly and aggressively provides capital to small- and mid-sized companies and startups via partnerships, equity positions or acquisitions.

Provident’s financial partners and lenders include some of the most esteemed institutions in the industry, a testament to Provident’s track record as well as its prospects for continued success.

Provident’s current portfolio includes:

Global Supply Chain Solutions	Pride Pharmacy	Radius Petroleum

Past Investments:

Argosy Energy International/Gran Tierra Energy
In 1999, Provident purchased the discounted senior debt position in the Columbian oil exploration company Argosy Energy International. Converting its position to equity, Provident oversaw the expansion of production by 400% to 1,200 barrels per day. Argosy was acquired by Gran Tierra Energy in 2005. Capacity has expanded since the sale to over 20,000 barrels per day. Provident retains a significant equity and royalty interest.