Everside Capital Partners Launches
October 2016
New York – October 6, 2016 – Moritz Poehl and Nate Kirk proudly announce the launch of Everside Capital Partners, which is focused exclusively on the US middle and lower-middle business marketplace. Everside will pursue attractive opportunities in direct lending and invest in middle and lower-middle market investment firms with the support of sophisticated, like-minded and institutional long-term partners. Nate said, “Everside is creating a carefully selected, highly diversified portfolio of investments in established US middle and lower-middle market businesses that are looking to finance attractive growth opportunities.”
About Everside
Everside is an independently owned investment firm, focused on the middle and lower-middle market. It searches diligently for great partnerships with investors and the people and institutions with whom it invests. The firm provides partners with access to the US middle and lower-middle market, diversified by geography and industry. Everside’s approach is based on the cooperation and trust that derives from (i) partnering with geographically focused top performing fund managers and (ii) by having its own highly efficient and scalable origination platform along with a rigorous underwriting and monitoring process executed by an experienced team. Moritz said, “Everside, together with its long-term partners, believes that this market provides superior risk-adjusted returns. Smaller businesses are underserved by banks and large asset managers, a trend that we see continuing; we are excited about partnering with these businesses to realize their full potential.”
The firm is fortunate to have selected exceptional institutional capital partners that share the same values and a strong investment track record. Those qualities, the Everside founders believe, are important in building a sustainable and successful business.
About Everside Founders
Moritz is a founder and Managing Partner of Everside. Prior to Everside, Moritz worked at Barclays Capital in its leveraged finance group managing natural resource, infrastructure, renewable energy and power transactions. Moritz was actively involved in the financing of LBO’s, dividend recapitalizations, debut high yield and corporate loan issuances, in addition to several refinancings and corporate restructurings. Previously, he was a junior portfolio manager at Gabelli Asset Management, a $50 billion publicly listed asset management company based in New York, focusing on merger arbitrage, special situations, work-outs and energy companies in the US and Europe. Before Gabelli, Moritz worked at Lehman Brothers in Lehman’s TMT Investment Banking group. He holds a BA from the European Business School in London and an MBA from Columbia Business School in New York.
Nate is a founder and Managing Partner of Everside. Prior to Everside, Nate spent six years at Third Avenue Management where he was a Portfolio Manager of the Focused Credit Fund, which managed over $3 billion in credit investments. During his tenure, the fund invested in over 70 restructurings, many of which included roles with active board involvement. His focus was on distressed, stressed, and performing credit opportunities in the chemicals, consumer products, education, healthcare, industrial services, oil services, and transportation industries in the US and Europe. Prior to Third Avenue, Nate spent several years at J.P. Morgan, most recently in the high yield research group. Nate holds an M.A. in Economics from Cambridge University and is a CFA® charterholder. He holds dual undergraduate degrees in Economics and Political Science from Yale University.
For more information, visit www.everside.com
CONTACT INFORMATION
Moritz Poehl
(646) 603-3602
moritz@everside.com
Nate Kirk
(646) 603-3603
nate@everside.com
Everside is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $1.9 billion in assets under management across its funds, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts.
For more information, please visit us at everside.com.
*This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account Everside Capital Partners, LLC (the “Adviser”) manages or offers. Although the information provided herein has been obtained from sources which the Adviser believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice and the Adviser has no obligation to update you.
This document should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Statements made in this release include forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” or believe,” or other variations thereon. Certain information contained herein constitutes opinions, intentions, or beliefs of the Adviser, which may be preceded by the terms “belief,” “opinion,” or other similar terms. Such statements of “opinion” merely represent the Adviser’s state of mind and should not be construed as a material statement of fact. Any use of adjectives or superlatives included herein are a good faith opinion of the Adviser including but not limited to language such as “exhaustive,” “superior,” or “leading,” and should not be construed as material statements of fact. Further, other third parties may not agree with the opinions of the Adviser.