Lower middle market financing solutions for independent sponsors and management teams
Flexible Capital Solutions
Customizable mix of debt and equity—structured to fit your deal.
We provide one-stop financing solutions for independent sponsors, business owners, and management teams to execute leveraged buyouts, management buyouts, recapitalizations, add-on acquisitions, and growth initiatives. We invest debt and equity across a variety of industry verticals, focusing on lower middle market businesses.
We seek to form close partnerships with investment professionals and operators who have a successful track record of managing and exiting investments. We target asset-light, capital-efficient service businesses with strong fundamentals in fragmented markets.
We look to our independent sponsor and management team partners to lead all phases of the investment process, including due diligence, transaction execution, and post-close strategy implementation.
Investment Criteria:
Industries:
One-Stop Debt & Equity
We underwrite and commit to both debt and equity with a flexible mix—no prescribed debt-to-equity ratio. Bespoke capital structure customized to each transaction with certainty of financing from LOI to close.
Asset-Light, Capital-Efficient Businesses
We target companies with stable cash flows, strong operating margins, and attractive working capital profiles in fragmented industries.
Sponsor-Friendly Governance
Flexible governance that preserves sponsor control. Board involvement focused on value creation, not interference. Partnership approach for repeat deal flow.
Flexible Capital Solutions Team
Justin Kaplan
Managing Partner
Elliot Hambrecht
Partner