Investment Criteria

  • Deal Size: $5-75 million

  • Financial Profile: >$3 million EBITDA

  • Investment supported by cash flow, enterprise value or asset values

  • Target characteristics:

    • Strong and committed management

    • History of strong profitability and free cash flow conversion

    • Differentiated product offering or sustainable competitive advantage

    • Appropriate capital structure and credit statistics

Security Type

  • Revolving line of credit

  • Senior secured term loan

  • Delayed draw term loan

  • Unitranche term loan

  • Selective equity co-investments

Industry Focus

  • Industry agnostic

  • Will not invest in construction, real estate, commodity and energy

  • No start-ups, distressed or project finance situations

Transaction Types

  • Refinancing

  • Acquisitions and buyouts

  • Working capital

  • Growth capital

  • Leveraged dividend or partner buyout

  • Carveout

Ownership

  • Non-sponsored

  • Independent sponsor

  • Sponsored