Business Characteristics
Branded or non-commodity products, services or franchise
Defensible competitive advantage
Increasing demand from consumer end-users or a diversified customer base
A leading or recognized position in a growing, niche market
Path to profitability with expected growth in cash operating earnings of at least 10% per annum
Modest capital requirements, but with above average rates of return on invested capital
Minimal risk from technological change or significant technology enabled operating leverage

Size and Investment Parameters
start-up to $150 million enterprise values
$250,000 to $2 million investment
Non-control co-investments supporting control or lead investors or owner/managers

Industry Experience and Targeted Sectors
Consumer-oriented (products, services or franchise including non-fashion specialty retailing)
Multi-unit operations
Business services and manufacturing
Financial services/Insurance
Applied technology