Investment Criteria

Industry
We invest in a wide range of industries, including basic manufacturing, technology, communications, energy, financial, healthcare, and services.

Transaction
We look at a broad range of situations including management buy-outs, going private transactions, growth capital funding, recapitalizations, spin-offs and succession planning.

Management
We invest in outstanding management teams with the experience, energy and capacity to elevate their companies to leadership positions in their sectors. We look favorably upon management teams that are committed both personally and financially to their organizations.

Stage
We gravitate to companies with established market positions, compelling products or services, winning strategies and revenues between $20 million and $200 million.

Size
Together with our co-investment partners, we place between $5 million and $25 million of equity, equity-linked, subordinated debt or bridge financing in each transaction.

Duration
Based on our philosophy of building durable businesses, our approach to investing includes an investment period of up to twelve years. This long-term perspective provides a critical advantage to portfolio companies in the face of a dynamic and sometimes volatile economy.

Investment Limitations
Investments are not made in businesses whose performance is strongly dependent on changes in commodity prices or appreciation of underlying real estate assets. In addition, investments are not made in businesses without established revenue histories, unless the business is operated by a management team with a strong record of success in previous enterprises operating within similar industries.