Steven Maxwell

📢 Last Call to Register for Tomorrow's Richi Entrepreneurs' Boston Talk! Participate in an engaging discussion led by Samuel Shafner on preparing for your first venture capital round. He'll be joined by industry experts Scott Rocklage from 5AM Ventures and Dana Watt, PhD, from Breakout Ventures, who will share their experiences and insights on what VCs are looking for in promising startups. 🗓️ Date: Thursday, June 20th 🕙 Time: 10 AM EST Don't miss this opportunity to gain valuable insights and tips. Register now and tune in for another great talk! 👉 https://lnkd.in/evncUpca #VentureCapital #Entrepreneurship #RichiEntrepreneurs #BostonTalks

7

A Northeast tech company needed quick funding to fulfill a large PO and manage cash flow during a slow Q4. Fora Financial approved $700,000 in just six business days, enabling them to meet the deadline, stabilize operations, and strengthen client relationships. Fora Financial’s fast, flexible funding made a key impact. Learn more: https://buff.ly/3ZLfLPs #CaseStudy #TechIndustry #ForaFinancial #BusinessGrowth #WeKnowBusinessFinancing

36

Looking for insights, strategies, and stories from the world of private equity? Check out NU Advisory Partners' curated roundup of some of the best PE podcasts available today (including the Private Equity Value Creation podcast!) Learn about shows that are delivering expert insights into PE trends and strategies, diverse perspectives from industry leaders, and the resources to stay ahead in the fast-paced world of private equity. Explore the full list here: https://lnkd.in/eidRH_-m #PrivateEquity #Podcasts #BusinessGrowth #Leadership

12

WHOLE BUSINESS SECURITIZATION (WBS) - A POCKET OF FINANCING OPPORTUNITIES This week, Blackstone agreed to buy a majority stake in Jersey Mike’s and plans to finance the deal by expanding the existing whole-business securitization. What does this mean? Why are we suddenly hearing more and more about WBSs? Unlike traditional financing, WBS structures require creating new corporate structures that hold operational assets, IP, franchise agreements, or other value assets where debt is lent directly against those assets. Once those assets are in the new corporate structure, the legal documents “ring-fence” the assets in a credit box so only the WBS debt has a secured claim against those assets. Why would a company do this? Three key reasons:  1) Lower cost of capital: coupons are typically only a couple of points above SOFR 2) Longer maturities: even 50 years which is rare for corporate debt 3) Less covenants: WBS structure can lead to significant yearly dividends, asset improvement, reinvestments, and more, as long as specific ratios are covered and the operational assets maintain their value. What do creditors get in return? The underlying assets are not just collateral, they have been moved into a separate entity which gives them much greater protection. A fascinating and upcoming financing trend, let's go into more detail in the full writeup. https://lnkd.in/e2HTR3VN

34

1 Comment

Why was @Segal Marco Advisors honored for the sixth time with the Greenwich Quality Leader award for Overall U.S. Investment Consulting in the Large Consultants category by @Coalition Greenwich? Pension funds, endowments, foundations, and other asset owners rated investment consulting firms and consistently rank Segal Marco Advisors highly. #investmentconsultants #investmentconsulting #award

2

While high interest rates and economic turbulence have put the squeeze on large buyouts, PE transactions focused on taking minority stakes in high-growth companies have not faced the same hurdles. Check out our insights and articles at HMN Capital and accelerate your portfolio performance. https://lnkd.in/gxnnjKDS https://hmn-capital.com/ #hmncapital #acceleratingportfolioperformance #privateequity #investments #finance #venturecapital #growthcapital #executivesearch #privateequityrecruitment #privateequityjobsearch #privateequitylinkedin #Linkedin #privateequitycareers

7

In the latest New York Venture Hub blog post, Alon Kapen discusses how the Angel Capital Association’s new standard convertible note could transform early-stage investing with clearer terms and better protections for investors. Read the full blog post here: https://lnkd.in/dPhkcFNM

8

Powerful podcast with Joy Taylor and Adam Berman - extremely useful practical advice. Well done!

1

Get an insider look at how two operating partners enhance portfolio company growth, from due diligence to strategic execution. Mary Rachide (ICV Partners, LLC) and Bob Hund (HCI Equity Partners) join our three hosts for an engaging episode about: 🔹 Aligning company vision with actionable strategies 🔹 The importance of stakeholder collaboration 🔹 The balance between innovation and risk management 🔹 Their first-hand experiences in driving transformation 🔹 The challenges and rewards of their roles in achieving exceptional outcomes Search for our latest episode on any podcast platform and listen today!

18

1 Comment

Advice from a CFO who’s crushed 4 private equity deals: In our recent Thrive community Q&A, Robert (Bob) Gold shared a simple but critical insight: "The skillsets are just so different... You need to laser focus on inbound and outbound cash and be very adept at liquidity management." Why? Because in private equity, managing cash flow and liquidity is even more important than having experience with exits. Here are the 3 biggest lessons Bob shared for CFOs looking to excel in PE: 1️⃣ Cash Flow is King: It's not just about budgeting—it’s about knowing exactly where every dollar is coming from and going. 2️⃣ Liquidity Drives Decisions: Ensuring your business has the cash it needs to stay agile and invest in growth is non-negotiable. 3️⃣ Working Capital is a Game-Changer: Managing payables, receivables, and inventory effectively can be the difference between success and failure in PE. For aspiring CFOs in private equity, this advice is Gold (pun intended 😅 ). Focus on these fundamentals, and you’ll be set up for success. 💡 Want more insights like this? Join our newsletter for exclusive tips, strategies, and advice from top private equity leaders. Don’t miss out—stay ahead in your career! 👉 https://lnkd.in/eMkPX8kr 

2

2 Comments

Thoughtful piece by the Vermont Employee Ownership Center on employee ownership. While it proceeds to go deep on the theoretical arguments in favor of employee ownership, I have to call out one of the more practical prescriptions: "One factor (standing in the way of widespread employee ownership adoption) is the difficulty in competing with well-capitalized private equity funds that can quickly buy out a business owner and send them off with the full value of their business in cash. The ESOP holding company model is one useful strategy, but it’s clear we need more financial tools that can mimic the ease and convenience of private equity deals but with the aim of transferring ownership to the employees. And insofar as we’re focused on getting employee ownership onto the default menu of options to consider when a business owner is ready to sell, such tools are essential." Southeast Acquisition Capital is implementing precisely this tool with precisely the same aim. Our 10%+ C-Corp ESOP structure competes and wins head-to-head with traditional private equity, while creating meaningful wealth creation opportunities for employees AND delivering market returns for debt and equity investors. Our mission is for this to become the standard structure for the majority of private business ownership transitions. Ownership Works Expanding ESOPs Mission Driven Finance® Project Equity Transform Finance Social Capital Partners Sonen Capital LLC CapShift Gratitude Railroad

13

2 Comments

Pattern matching can be a powerful hiring tool. Bryan Buck joined us on the pod recently to chat through ON Partners' Private Equity Talent Trends Report — which you can check out here: https://lnkd.in/ewrV37rJ Through the discussion, Bryan emphasizes not just current trends in PE hiring, but the aspects of what makes a great hire. One of the biggest differentiators, especially when hiring a leader? Growth mindset. Someone looking for ways to take failures and turn them into a success. To develop people. To keep learning and growing and being creative. When hiring for PE, especially — where the stakes are high and the timelines are tight — using pattern matching to identify growth mindset leaders who fail fast and then turn around and do it better the next day is key. Because it's not about the failure. It's about the "what did you do then?"

7

2 Comments

Academic intervention for grades 6–12 can be complex but it’s also crucial. Our latest blog post offers strategies to encourage student ownership, utilize data effectively, and improve graduation rates. Explore insight and practical tips from Imagine Learning's experienced Professional Development Specialists. Together, we can make a significant impact on student success. #Education #AcademicIntervention #ImagineLearning #EmpowerPotential

20

1 Comment

For private equity firms, innovative talent strategies are a critical component of driving value creation and ensuring competitive agility. In the latest private equity recruiting report from Hunt Scanlon Media, BTG’s Kelsey O'Neal and Jeff Camarra detail how successful firms are deploying experienced, capable interim executives to provide specialized expertise and objective perspectives that are vital during transitional phases and rapid transformation. Read the report: https://lnkd.in/dktjHXgi Scott A. Scanlon #PrivateEquity #InterimExecutives #Recruiting #TalentInnovation

21

Commonfund Institute recently hosted the 2024 Investment Stewardship Academy at Yale. Thought leaders and practitioners gathered to discuss the state of nonprofit institutional investing including key investment management decisions, governance, leadership and much more. Take look at our latest blog that highlights the key takeaways.

2

Craig Steger, Managing Director at Outcome Capital, will be a panelist at the Advancing Drug Development Forum on December 12th at the Charles Hotel in Cambridge, MA! Craig will be sharing invaluable insights on the "Lessons Learned from Other Entrepreneurs" panel, discussing key takeaways from his extensive experience in the industry. Reach out to Craig directly for a one-on-one conversation to dive deeper into the latest transactional trends and market dynamics shaping the industry today. Looking forward to engaging with fellow industry leaders and having impactful discussions that drive the future of drug development. See you there! #AdvancingDrugDevelopment #Entrepreneurship #DrugDevelopment #MarketTrends #Networking #Innovation #OutcomeCapital #Insights #Biotech

19

What role does the operations function play in modern Private Equity and how can a COO add value? In this latest episode of the Fund Shack podcast, Ross Butler talks with Karen Sands, COO of Federated Hermes Private Equity, about the importance of scalable infrastructure, data-driven operations, risk management, and the role of emotional intelligence in leadership. Listen to the full episode to learn more about how Federated Hermes Private Equity is staying ahead in a rapidly evolving investor landscape. https://lnkd.in/e5U_Dgg5 #PrivateEquity #PrivateMarkets #COOInsights #FundOperations #FundShack #ESGInvesting #RiskManagement #PrivateCapital

37

2 Comments