The Capital Gap

Our investment strategy focuses on a traditionally underserved segment of the private capital markets, a space we call the "Capital Gap." Angels typically invest in rounds smaller than $2mm, while a host of institutional funds look to invest >$5mm. Yet in between, there exists a no man's land where entrepreneurs are forced to choose between raising too little capital or raising a round that is in excess of their current cash needs.

The size of our fund(s) and the section of the capital markets where we invest gives us great flexibility in our investment strategy.  We recognize that each company has its own unique operational history and capital structure, and we work with entrepreneurs to craft investments which fit a company’s capital needs. We’re transaction agnostic, meaning that we’ll consider a wide range of security types for a number of different uses (growth equity, recapitalizations, management buyouts, shareholder liquidity, acquisitions, etc.).  For more information on our core investment criteria, see here.