Everside Milestone: Close of 30th Investment & Final Close of Fund II
September 2020
Everside is pleased to announce that our dedicated lower middle market investment team has completed and closed 30 investments across all of Everside verticals (i. Primaries, ii. Secondaries, iii. Directs).
Earlier this year, Everside was pleased to announce the closing of its second fund, which closed ahead of target and earlier than anticipated. As a firm, Everside now manages over $370M in assets out of two dedicated funds that offer onshore and offshore investors the opportunity to participate in our unique lower middle market credit strategy. We are privileged to count many leading global institutional investors, including endowments, foundations, pension funds and other financial thought leaders as our partners as we continue to work hard every day to manage their investment in us.
Everside remains in constant contact, diligently monitoring our portfolio and constructively working with our fund managers and management teams throughout the COVID-19 pandemic to successfully execute on our strategy. We are actively looking for great opportunities to support lower middle market businesses in the U.S. If you are a lower middle market business owner, investor, fund manager, investment banker or other participant in the lower middle market and want to learn more about Everside, please feel free to get in touch.
The firm invests primarily in lenders (mainly Small Business Investment Companies) and in debt securities encompassing a range of senior, subordinated, as well as structured equity securities. Everside works in partnership with fund managers, management teams, business owners, independent sponsors and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. The firm is based in New York City.
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.