Strategy |
We are focused on the business services, education, energy, financial services, insurance and telecommunications industries according to the following investment criteria:Middle-Market FocusWe believe that the risk-adjusted returns are superior in the middle-market due to greater inefficiency in this market segment and an overabundance of capital held by multi-billion dollar private equity funds. We typically invest in businesses that have at least $10 million of operating income or have the ability to grow to such levels in a reasonable period of time through organic growth and acquisitions. Our equity investments typically range from $10 to $50 million. Proven Management TeamsWe partner with focused, driven management teams with demonstrated track records of excellence, motivated by equity ownership in their businesses. Industries with Attractive FundamentalsWe have a disciplined, analytical approach to evaluating industries for investment. In general, we target large and fragmented industries with secular or cyclical growth, with a particular focus on buy and build strategies. Proven Business ModelsWe look for businesses with unique business models that both differentiate them from their competitors and have the ability to generate significant growth in operating cash flow. In all cases we carefully analyze the future risk-adjusted cash flows and the unit economics of businesses that we review and assess their ability to earn high returns on incremental capital. Utilizing the Experience of Our Investment TeamThe senior investment team averages over 20 years of private equity and senior operating experience and has substantial personal capital invested in the GCP funds. The investment committee has over 110 collective investment and senior operating experience. Leveraging Greenhill & Co.’s RelationshipsThe GCP Capital team’s relationships with Greenhill & Co.’s professionals allow the team to leverage the industry expertise and extensive networks of the nearly 80 managing directors and senior advisors of Greenhill & Co wordwide. |