Everside Milestone: Closing Our 10th Investment
July 2018
Everside is pleased to announce that since closing the fund at the end of 2017, the fund has completed and closed ten investments across all of Everside verticals (i. Primary, ii. Secondary, iii. Direct). The fund was oversubscribed and far exceeded its original target size.
Everside is fortunate to have a diverse and distinguished investor base, which includes leading foundations, large global institutional investors and high net worth individuals, as well as some of the most well-known and well-regarded value investor of our time. Moritz Poehl, Co-Founder and Managing Partner of Everside
We are eager to grow our portfolio, currently consisting of ten investments, and prudently deploy the fund’s capital in support of compelling, growth-oriented lower middle market companies in attractive, niche industries through our unique, flexible approach. The Everside team is proud that the foundation is now built, establishing Everside as a sophisticated, long-term, and involved value-add partner to Small Business Investment Companies (“SBICs”) and lower middle market companies.
As credit and direct lending have grown, we believe conservatively and thoughtfully capitalized businesses in the U.S. lower middle market will continue to be the most attractive and sustainable asset class to in vest in, especially ten years into an economic recovery. Nate Kirk, Co-Founder and Managing Partner of Everside
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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.
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