Investment Philosophy
We provide customized tailored capital structures to meet the needs of our companies and our returns objectives.
General Investment Characteristics
- Investment Size: $2 – $15 million for equity investments (up to $30 million with co-invest) and $1 – $5 million for credit investments
- Role: Control (up to active management) and non-control (but as lead investor)
- Structures: Preferred or common equity; senior or subordinated debt
General Company Characteristics
- Revenue Size: $2 – $10 million
- Revenue Growth: > 10% historical and future (organic or in-organic)
- Revenue Model: Recurring revenue > 80% of total revenue (subscription, transactional, contractual, etc.)
- Profitability: Profitable
Industry and Company Focus
Compliance Technology & Services
• Financial Compliance
• Healthcare Compliance
• Educational Compliance
Financial Technology & Services
• Payments/transaction processing
• Asset management
• Speciality finance
Software
• Vertically Focused Software
• Horizontally Focused Software
• Infrastructure Software
Healthcare Technology and Services
• Healthcare Services
• Healthcare IT
• Outpatient/outsourcing
Business and Consumer Services
• Business (“B2B”) services
• Consumer (“B2C”) services
• eCommerce
Investment Capabilities
We have the flexibility to structure investments in almost any growth company regardless of transaction specifications
Growth Capital
• Expanding sales resources
• Enhancing sales channels
• Propelling customer acquisition costs
Buyouts
• Changing-of-Control buyouts
• Buyout of non-core assets or corporate carve-outs
• Facilitating management buyout
Acquisition Capital
• Enabling roll-ups in fragmented sectors with attractive tuck-in opportunities
•Backing transformational strategic acquisitions
Recapitalizations
• Removing situations where there is a shareholder value or growth overhang due to the need for an exit or liquidity
• Realigning the capital structure by exiting early investors and founders to create alignment with go-forward stakeholders
• Creating full or partial liquidity for financial, strategic, or management shareholders