TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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November 23, 2020
Source: GlobeNewswire
Pike Street Capital, LLC, (“Pike Street”), a Seattle-based private equity firm, has announced the closing of Pike Street Capital Partners (the “Fund”), a $237 million fund that will focus on control investments in industrial technology businesses. Fund investors include leading institutional limited partners, such as endowments, insurance companies, fund of funds, and family offices along with strategic operating executives. The Fund was over-subscribed to its original $200 million target.
“We are pleased with the successful close of the Fund in the currently challenging environment and grateful to welcome a high caliber set of long-term partners,” said Paul Caragher, Co-founder and Managing Partner at Pike Street Capital. “The closing is a testament to our investors’ belief in our operational investing model where we partner with founders, owners, and management teams to implement sustainable growth plans.”
Pike Street is founded and led by Paul Caragher, Dave Dandel and Ed Whatley. The firm invests in successful industrial technology companies and other sectors that serve demanding technical customers with revenue of $10 million to $100 million. It seeks investments where Pike Street’s operational focus, business experience and executive network can assist management to accelerate that growth. The team’s complementary backgrounds give Pike Street a strong combination of entrepreneurial, operational and transactional expertise.
“We believe growing a business is a process and team sport. Pike Street looks to partner with founders, owners, and management teams to implement successful growth strategies, develop great teams and create a culture of performance,” said Caragher. “With our unique combination of investment capital, experience in helping growing businesses develop sustainable processes and network of executives from leading global businesses, we seek to be real assets to our portfolio companies.”
Since launching the fund, Pike Street Capital has completed investments in three companies: US BioTek Laboratories, HeadRush Technologies and QuickBox Fulfillment. In addition to investing in additional portfolio companies, Pike Street plans to continue expanding its investing and operational team. The Fund’s placement advisor was GCA Advisors, LLC and Fund counsel was Perkins Coie LLP.
About Pike Street Capital
Seattle-based Pike Street Capital manages a private equity fund focused on growth buyouts in industrial technology in the lower middle market. With a combined 75+ years of investing and operating experience, Pike Street partners with management teams to build and execute a strategy for future growth. Pike Street Capital was co-founded by Paul Caragher, Dave Dandel and Ed Whatley. More information is available at www.pikestreetcapital.com.