Transaction Type/Characteristics

• Change of control (buyout, growth, recapitalization)

Core Industry Sectors

• Business Services
• Financial and Professional Services
• Healthcare Services
• Industrial and Commercial Services
• Specialized Manufacturing
• Value-added Distribution

Target Company Characteristics

• Ethical management team with solid performance record and the desire to continue to build the company
• Attractive, tangible growth opportunities
• Strong competitive position and reputation
• Services or products that are unlikely to become obsolete
• Headquartered in the U.S.
• EBITDA of $3 million to $30 million
• No operational turnarounds

Investment Characteristics

• Equity co-investment alongside experienced sponsor/lead investor with a proven track record and well-informed investment thesis
• Check size of $2 million to $10 million per co-investment
• Strong alignment of interests among investors

Involvement

• We invest in high-quality sponsors/partners and excellent companies/ management teams and give them substantial autonomy
•  Our partners can draw upon our team and resources, as well as leverage our broad network of working relationships
• Our expectations for governance, reporting/information, access, and fees are customary