HarbourVest Investment Strategy HarbourVest Horizon, an experienced private equity separate account manager and adviser, focuses on meeting the targeted needs of institutional investors by investing in emerging and diverse managers in the lower middle market. Formerly the Capital Access Funds business within the Bank of America, the group was acquired by HarbourVest in 2016 and was re-branded as HarbourVest Horizon. The team has managed and advised on approximately $1.9 billion of capital commitments since its establishment in 2002. HarbourVest Horizon is part of HarbourVest, an independent, global private markets investment specialist with more than 30 years of experience and $39 billion in assets under management. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in co-mingled funds or separately managed accounts. HarbourVest has more than 300 employees, including 90 investment professionals, across Asia, Europe, and the Americas. This global team has
Vicente Capital Partners Investment Strategy The firm provides $10-$25 million of growth capital to companies which typically have revenues of $10-$30 million and less than $3 million of EBITDA. Vicente Capital is typically non-control investors, although it has significant influence as a result of the investment documents and the board seats that it controls. The firm provides more than capital, as it helps founder-led companies become solid middle market companies. Vicente Capital tends to focus on industries or sectors where technology is used to create a competitive advantage and operating lift. Sample Transaction Vicente Capital led an investment in Overture Services, Inc. that resulted in a 15x return. Overture, formerly GoTo.com, is the search engine that pioneered the free market, "pay-for-performance" model where websites bid for priority placement in keyword search results. The company went public in June 1999. Overture was acquired by Yahoo! in October 2003. www.vicentecapital.com FOUNDED 1995
Stellex focuses on middle-market companies in distress as well as special situation opportunities across the following industries: industrial and service sectors, with emphasis on Aerospace, Automotive, Business services, Consumer products, Defense, Energy & Power, Financial services, General industrial, Government services, Infrastructure, Telecommunications & Media and Transportation.
One Rock Capital Partners, LLC Investment Strategy One Rock's primary investment strategy is focused on investment opportunities where the vast majority of the anticipated value creation comes through operational changes and enhanced positioning. One Rock believes that the disciplined and proactive use of industry-specific Operating Partners is the most effective way to identify opportunities for operational improvement and implement those improvements to create value. One Rock believes that its investment approach can be effective in all points of the macroeconomic cycle, as the success of the strategy does not hinge on strong macroeconomic growth or a robust financing environment. One Rock has an affinity for complexity, and the success of its investments is largely driven by the fund’s ability to reposition the companies acquired and to make operational enhancements that ultimately result in enhanced equity value for portfolio companies. Sample Transaction One Rock’s acquisition and subsequent sale of Dixie Electric
Vista Equity Partners Investment Strategy Vista was founded in 2000 to pursue buyout transactions of companies in the enterprise software, data and technology-enabled solutions (collectively “enterprise software”) industries. Since inception, Vista has successfully demonstrated its ability to create value through a disciplined investment focus on companies that provide mission-critical software, data and technology-enabled solutions, have strong recurring revenue streams and offer opportunities for improvement in their operations. Vista’s investment strategy is to acquire companies that meet this profile and then apply its proprietary set of Vista Standard Operating Procedures (“Vista SOPs”), which are enterprise software company-specific operational practices, designed to rapidly and aggressively implement change, create value and generate positive returns for the Partnership. Throughout its history and on an on-going basis, Vista has continually evolved and advanced its ability to identify, acquire and transform enterprise software companies that fit its model of success and has scaled its ability to
Siris Capital Group, LLC Investment Strategy With its Executive Partners, Siris has significant experience in investing in complex, special situations; i.e., investment opportunities in mission critical technology companies that are undergoing fundamental changes in their manner of doing business or that are facing particularly difficult operational, strategic or financial challenges. These complex situations may be caused by any number of factors, including the introduction of a disruptive technology, a fundamental transition in the marketplace, customer and other stakeholder issues or companies with difficult regulatory, tax or other structuring challenges. The firm is focused on investing in technology businesses, including infrastructure hardware and software, enterprise and application software; and technology-enabled business service, primarily in North America. Sample Transaction The acquisition and of network technology provider Tekelec Inc. in a $780 million take-private transaction in 2012, and subsequent sale to Oracle in 2013. This deal was awarded the Deal of the Year
Founded in 2006, RLJ primarily invests in North American companies with enterprise values between $50 million and $250 million. While their target investment size is between $15 million and $30 million per transaction, RLJ Equity has the ability to pursue larger transactions in collaboration with our strategic partners.
Neuberger Berman Investment Strategy NorthBound is the firm’s dedicated emerging manager platform within Neuberger Berman Private Equity, and was formed in 2007 as the outgrowth of an initiative focused on commercializing diversity. The platform was created to principally acquire partnership interests and co-investments of emerging manager private equity firms. NorthBound was the culmination of the diversity efforts, seeking to support talented women and minorities who are attracted to private equity, but often have difficulty raising capital. Neuberger Berman defines emerging managers as firms run by women or minorities; first or second time funds or funds under $1 billion in size. NorthBound is diversified by asset class, industry, manager, company and vintage year. The firm invests in managers with a definable value proposition, a strong alignment of interests and a demonstrated history of success. www.nb.com FOUNDED 2010 CHIEF EXECUTIVES George Walker LOCATION New York, NY AUM 240 billion
ICV Partners Investment Strategy ICV Partners is focused on investments in the smaller middle-market, investing in companies with revenues of $25-$250 million and EBITDA of $8-$30 million. The firm concentrates on Manufacturing, Food & Beverage, Consumer Products & Services, Healthcare, Business Services, Distribution companies within the US, Canada and Puerto Rico. www.icvpartners.com FOUNDED 1998 CHIEF EXECUTIVES Lloyd M. Metz, Cory D. Mims, Ira L. Moreland, Zeena Rao, Willie E. Woods LOCATION New York, NY AUM 840 million
Grain Management,LLC Investment Strategy Grain is focused on investments in the communications sector. Grain’s professionals bring over 100 years of collective experience in the rapidly-converging media, communications, and technology sectors, including expertise in the acquisition, construction, financing, management, and regulation of communications assets and technologies. Grain also acquires, builds, owns, and operates communications towers and related wireless infrastructure assets. Grain is a leader in providing innovative, flexible, and highly cost-efficient wireless infrastructure solutions to government and commercial customers. Sample Transaction A three-party transaction in which Cincinnati Bell sold its wireless spectrum licenses and some tower leases to Verizon Wireless for $210 million. Concurrently, Verizon assigned its rights to acquire the spectrum licenses being sold by Cincinnati Bell to Grain Management with Verizon Wireless leasing spectrum from Grain Management. www.graingp.com FOUNDED 2010 CHIEF EXECUTIVES David J. Grain LOCATION New York, NY AUM 2.2 billion