Event-Driven Capital for Small Businesses
A Different Type of Capital Partner
We provide structured capital – a unique type of capital that addresses the needs of small business owners in ways the traditional capital markets do not
Designed for situations that call for capital that is more patient and open-minded than traditional debt and less invasive and dilutive than traditional equity
Customized capital to match
the objectives and goals
of management-owned
small businesses
A Collaborative Approach
for Small Business Owners
Company-friendly,
flexible capital
structures
Supportive partners to
management who will continue
to own and run their business
Relationship-based approach
with the belief that the best
outcome is when everyone wins
An Experienced Team
We have founded and led successful investment firms with our extensive experience as “first outside capital” for many small businesses.
Steve Gord
- 25+ years investing in lower middle market companies
- Most recently: Co-Founder & General Partner of Boathouse Capital
- Previously: American Capital Strategies, Robertson Stephens, Compass Partners, Furman Selz
- Dartmouth College (AB and MBA)
Todd Morrissey
PARTNER
tmorrissey@hiddenrivercap.com
215-620-2128
- 20+ years investing in lower middle market companies
- Most recently: Partner & COO of LLR Partners
- Previously: Advanta Partners, Bank of America Merrill Lynch
- Georgetown University (BS); Columbia Business School (MBA)
Kevin Condon
PARTNER
kcondon@hiddenrivercap.com
262-993-5093
- 10+ years investing in lower middle market companies
- Most recently: Principal at Boathouse Capital
- Previously: OFS/Tamarix Capital, The Edgewater Funds, Baird
- University of Wisconsin (BBA); University of Chicago (MBA)
Graham Bachman
MANAGING DIRECTOR
Head of Business Development gbachman@hiddenrivercap.com
610-291-2521
- 8+ years in private capital investing
- Most recently: Managing Director at Pennington Partners & Co.
- Previously: Edge Capital/Context BL, FS Investments
- University of Pittsburgh (BSBA)
Investment Focus
$5 – $25 million junior debt and/or preferred equity investments to support event-driven capital needs.
Typical Uses of Capital
Organic Growth Initiatives
Acquisitions
Inactive Shareholder Recaps
Business Models of Interest
Durable business models over
fashionable ones – a long-term
approach to success
Capital efficient businesses
that are resistant
to cycles
Targeted Financial Characteristics
Sufficient scale:
$10+ million of revenue
and cash flow positive
Repeatable revenue streams
supported by imbedded
customer relationships
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