Seventh Avenue Investments
Venture Capital & Private Equity - New York, New York, United States
Seventh Avenue Investments Employees
Seventh Avenue Investments Details
Seventh Avenue Investments is a Private Equity investment vehicle for a multi-billion dollar Single Family Office in New York. Our focus is on direct private equity investments in a wide range of industries and businesses, both established and grow-oriented, worldwide. AREAS OF FOCUS: Direct private equity o Control position isn't necessary if we have some basic protections o Prefer to back management lead buyouts o Geography: North America, UK, Germany, Scandinavia, Luxemburg, Israel (mainly where rule of law is strong and favorable to business) o Sectors: Mostly agnostic. Strengths: TMT, Consumer Products, Retail, Industrials, etc. o No energy/metals/mining (commodity driven businesses) The characteristics of an "ideal" portfolio company include: -Strong management with a significant personal investment in the company -A company that meets the right size ($3-25 million EBITDA) and industry/geographical focus parameters -Top-three market share in a niche market -Prefer no significant customer or supplier dependencies -Consistent financial record -Attractive gross margins and operating margins (indicators of defensibility and competitive advantage) -Modest capital requirements and high free cash flow -High returns on net tangible assets (>30%) Distressed Debt o Looking for solid businesses with poor capital structures o We like complicated. Fine with bankruptcies o Not looking to trade securities. Want to see things through the recap/restructuring and fine with owning equity postmortem Venture Capital o C round and later rounds led by new financial investor o Category leaders with proven business models o CAGR of 50%+ Revenue > $20 million o Cash flow that provides profit vs. growth optionality o Comparables validate 3-5x MOIC target in < 5 years Structured Lending o Must be asset backed o Asset does not need to be real estate. Very flexible as long as we like the collateral o Must be over-collateralized
