Principals: $250 million in equity capital invested

Multiple investment types: Growth capital, Leveraged buyout, PIPE transactions

Extensive M&A activity: Strategic sale, IPO, going private transactions

Investment Approach

TSG Equity Partners’ Principals, Tom Shepherd and Nate Shepherd, have collectively invested more than $250 million of equity capital. Since founding TSG, they have focused exclusively on companies positioned in the underserved lower middle market.

When considering an investment opportunity, we look to build partnerships with management teams whose mission, objectives and exit strategies align closely with those of our firm. We are particularly interested in investing in companies where we deem our Principals, Operation Partners, and Senior Advisors can best add value.

TSG invests in companies based in part on the criteria outlined below:

First and foremost, companies:

• Led by exceptional management teams
• Targeting optimal growth market opportunities
• Creating and maintaining distinct and sustainable competitive advantages
• Seeking an investment Partner with both capital and an added-value offering

Target company size and stage

• Lower middle market
• Company revenues of $5 million to $15 million
• At or near profitability, with growing and sustainable margins

Target industry and company type

• Growth Stage: Applied technology, including clean technology
• Mature Stage: Industrial and branded product and services

Other target company criteria

• Total equity capital need of $1 million to $2.25 million
• Northeast U.S. location, preferred

TSG’s model is to best enable historically underserved companies to achieve superior results:

Providing added value experience…

• Investment experience
• Operational experience

…and private equity resources

• Equity capital
• Financial network access

To an underserved market…

• Companies positioned in the lower middle market
  • Too small for traditional Private Equity
• With a later stage offering and limited equity need
  • Off “radar” of traditional venture capital