Most of our companies are based in Massachusetts.   Many companies have operations throughout the U.S. and internationally but all have significant operations within the state.  The company does not have to be incorporated in Massachusetts.

We invest in manufacturing, technology, software, healthcare, distribution, and service businesses but do not invest in companies in the retail or financial service industries.

Our investments range from $1 to $5 million.

Most of our investments are in the form of 5-10 year fixed rate subordinated notes with equity features such as warrants and equity co-investments.  We structure investments to fit the needs of individual companies and will also invest in debt-only or equity instruments where appropriate.

We work with management, lenders and investors to support the growth of our portfolio companies and frequently make follow-on investments as our companies’ needs change.  We often act as board observers and occasionally request a seat on the company’s Board of Directors.

The length of the review, due diligence and documentation process varies but is, on average, 60 days.