The right structure
for every situation.
We advise family offices, founders, and lower-middle-market companies on capital transactions from $3 million to $100 million across many industries.
For Family offices and high-net-worth individuals
NAV-Based Liquidity
Significant wealth held in illiquid assets creates a specific problem: you need capital, but selling triggers a taxable event and sacrifices future appreciation. PE fund interests, concentrated stock, real estate portfolios, operating company stakes. These holdings have long-term value. Liquidating them to meet a near-term need is often the wrong answer.
NAV-based lending uses those assets as collateral, creating capital without requiring a sale. Ownership stays intact. Future upside is preserved. The structure is more tax-efficient than a disposition.
common applications
Bridge to a liquidity event.
A major monetization is on the horizon, but capital is needed now. A NAV-based facility provides runway without forcing a premature exit.
Funding new opportunities.
for Founders with concentrated stock positions
Founder Liquidity
Building a company often means building wealth in a single position. That concentration creates real risk. The challenge is accessing partial liquidity without triggering a sale, losing control, or signaling a lack of confidence.
We structure capital against concentrated positions while keeping ownership intact. The founder maintains control. The specific structure depends on the objective.
common applications
Balance sheet diversification.
Access capital without selling shares, triggering capital gains, or diluting your stake.
Bridge to a liquidity event.
for Lower-middle-market companies, founder-owned and sponsor-backed
Corporate Growth Capital
Growth requires capital, and the form it takes matters. Raising equity dilutes ownership, introduces new governance dynamics, and may not reflect the business's current value. For many lower-middle-market companies, minimally dilutive capital is the better path.
We source and structure debt capital as an alternative to a traditional equity raise. Existing ownership is preserved. The specific structure depends on the situation.
common applications
Dividend recapitalizations.
Liquidity for existing owners as an alternative to a minority or majority sale. The business retains its current ownership structure while returning capital to those who built it.