Bluestone Investment Partners, LLC, a McLean, Virginia-based private equity firm, is pleased to announce the initial closing of a new $75.0 million fund aimed at bringing transformational capital to small businesses in the defense and government services sector.

"Some of the most successful companies in the defense and government services sector have used mergers and acquisitions to accelerate growth and create shareholder value," said John Allen, who co-founded the Bluestone fund. "The extensive M&A and industry-focused experience of our team will allow us to bring value-added capital to small companies in the sector and help them execute transformational acquisition strategies."