SAN FRANCISCO, Aug. 20, 2020 /PRNewswire-PRWeb/ -- Inc. Magazine has revealed that Prime Meridian Capital Management is #2,378 on its annual Inc. 5000 list of Fastest-Growing Privately Held Companies in America, the most prestigious ranking of the nation's fastest-growing private companies.
The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"All of us at Prime Meridian are thrilled to be recognized once again by Inc. Experience, Risk Management, Discipline, and Passion remain the hallmarks of our success," said Prime Meridian's CEO Don Davis.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
"The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
Prime Meridian Capital Management provides investors with direct low-cost access to short-duration, high yield loan portfolios in the private debt asset class.
To learn more visit http://www.pmifunds.com.
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About Prime Meridian
Prime Meridian Capital Management is an alternative credit investment management firm specializing in short-duration, high yield Marketplace Lending strategies. Loan pools include consumer lending, collateralized small business lending, secured real estate lending, life settlements, litigation finance, and more. Loans are selected using a proprietary risk-based pricing approach that focuses on yield, duration, and credit quality with the objective of achieving consistent positive returns with low volatility and low correlation to other asset classes.
CONTACT: Don Davis, CEO, Portfolio Manager — http://www.pmifunds.com/contact
More about the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success.
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000.
SOURCE Prime Meridian Capital Management
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