HVCI Invests in 25th Search Fund

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HV Capital Investors (HVCI) recently announced its investment in Charlotte Street Partners, a search fund headquartered in Evanston, Illinois. The investment was made through HVCI's affiliate, RHV Capital (RHV). This RHV's 25th such investment.

HV Capital Investors (HVCI) recently announced its investment in Charlotte Street Partners, a search fund headquartered in Evanston, Illinois. The investment was made through HVCI's affiliate, RHV Capital (RHV).

A search fund is a pool of capital raised to financially support the efforts of an entrepreneur, or a team of entrepreneurs, to locate a privately held company for acquisition. Charlotte Street Partners seeks a company with an enterprise value between $5 million and $30 million.

RHV was formed in 2008 to focus on search fund investments. It has completed 25 search fund investments since its formation.

“We're proud to be affiliated with RHV,” stated Jon Selame, founder of Charlotte Street Partners. “RHV has a reputation for making sound investments and bringing value to fund founders as well as fellow fund investors.”

“We found Charlotte Street Partners approach to acquisition targeting to be compelling,” said Glenn Healey, Managing Director for RHV. “Identifying targets and screening them rapidly for upside potential is critical to search fund success. I believe that Charlotte Street Partners has the potential to deliver a strong return.”

Healey continued, “Our specialty finance company, HVCI, focuses on the lower middle-market and looks for companies with recurring service revenues. Search funds are using similar investment criteria, so forming RHV to make search fund investments was a natural extension of our investment strategy.”

About Charlotte Street Partners,
Charlotte Street Partners (http://www.charlottestpartners.com) is a private investment company formed to identify, acquire and actively manage an existing privately owned company. Charlotte Street Partners is comprised of an extensive and experienced group of private investors, advisors, owner/operators and senior level executives. Charlotte Street Partners is headquartered in Evanston, Illinois.

About HV Capital Investors (HVCI),
HV Capital Investors, LLC (http://www.hvcapitalinvestors.com) is a private investment company that provides debt and equity financing to companies that have the capacity to generate predictable cash flow from operations. The firm provides both senior and subordinated debt, and it makes non-control equity investments through an affiliate. HVCI was formed in 2003 and is headquartered in Bloomfield Hills, Michigan.

About RHV Capital (RHV),
RHV Capital, LLC (http://www.hvcapitalinvestors.com) is an affiliate of HVCI that provides equity to search funds and makes minority investments in operating companies in conjunction with other institutional investors and private equity firms. RHV has invested in 25 search funds and has seven active minority equity investments in operating companies. RHV was formed in 2008 and is headquartered in Bloomfield Hills, Michigan.

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