Experienced Management

• Appropriate equity incentive plan
• Alignment of interests

Competitive Position

• Strong market positions 

• Well suited to capitalize on growth opportunities 

• Significant competitive advantages 

• Profitable at time of investment 

• Industries with barriers to entry 


Value and Cash Flow

• Quality and consistency of cash flow
• Fundamental enterprise value 

• Industry cyclicality and position at time of investment 

• We will not invest in companies that have speculative business plans 


Investment Exit Strategies

• Internally generated cash flow for debt repayment
• Strategic acquisition by other industry participants
• Sale of collateral, if any, underlying the loan
• Liquidation of the company
  • Tangible assets: Accounts receivable, inventory, equipment and real estate
  • Intangible assets: Intellectual property, customer lists, networks and databases