We Partner With Independent Sponsors

We are flexible and dependable investment partners.

 
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About Us

We are an independent private equity firm based in Santa Monica, California. We formed the firm with the belief that there was a better and more efficient way for our investors to access superior private equity investment opportunities. Our investment focus is inefficient markets, as defined by either the size or the complexity of the transactions. We believe these markets are largely under-served by private equity investors and offer both the most numerous opportunities and the best risk-adjusted returns.

 
 
 

Our Investment Approach

Centered on identifying and profiting from market inefficiencies inherent in small-cap and/or complex situations.

 
 
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Representative Transaction Characteristics

  • Founder-owned business in transition
  • Recapitalizations
  • Underperforming business due to insufficient management and/or resources
  • Operational turnarounds
  • Carve-outs of non-core divisions or subsidiaries
  • Bankruptcies
    • § 363 asset sales
    • Plans of reorganization
  • Out of court restructurings
  • Thematic platform builds

Business Characteristics

  • EBITDA – $3 to $15+ million
  • Negative EBITDA okay in turnaround situations
  • Fragmented industries or markets
  • Defensible market position in product, channel or geographic niche
  • Opportunities for improving operational efficiencies
  • Headquartered in the United States or Canada

Investment Characteristics

  • $15 to $25 million equity investment
  • Majority stakes or minority member of syndicate
  • Able to reserve for follow-on capital for both organic and acquisitive growth
  • No control provisions or board seat requirements
 
 

Our Team

Over 50 years of collective investing experience with invested capital in more than 100 direct investments.

 
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