Investment Criteria

Target Company Characteristics

  • • Revenue: $10 – 50MM
  • • EBITDA: $3 – 20MM
  • • Industry: Generalist (except Real Estate)
  • • Geography: North America
  • • Proven, well-balanced management team
  • • Effective financial controls and information systems
  • • Favorable industry outlook for sustainable revenue growth
  • • Dominant market position or defendable niche role

Transactions

  • • Acquisitions
  • • LBOs & MBOs
  • • Recapitalizations
  • • Debt Refinancing
  • • Growth Financing
  • • Turnarounds & Restructuring
  • • Special Situations

Investment Characteristics

  • • Investment amount: $5 – 40MM
  • • Sponsor and non-sponsor transactions
  • • Cash flow based investments
  • • Direct originations
  • • Syndicated/club financings

Investment Products

  • • Revolving credit facilities
  • • First and second lien secured
  • • Unitranche
  • • Mezzanine
  • • Equity co-investment (non-control)