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Axial Radar: First Time Fundraising Woes

Axial Radar

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Happy Friday and welcome to another edition of Axial Radar!

Virtual deal making is old news at this point. Business owners and investors have become increasingly more comfortable handling major parts of the M&A process virtually, in response to ongoing travel restrictions and social distancing mandates.

Virtual fundraising? Now that’s a whole different story.

According to recent data from Pitchbook, first time GPs are statistically more likely to hit an IRR of 25% or more. Despite that staggering return potential, LPs have dragged their feet in committing to first time fund managers because of the inability to meet in person over the last 12 months. Head down to this week’s featured Industry Trends section of Radar to read more about the creative virtual steps LPs are taking to get comfortable with first time GPs.

Our featured buy-side members this week include a Pittsburgh-based PE firm, a values oriented investment firm, and an urban development and infrastructure holding company. On the sell-side we’ll introduce you to a lower middle market investment bank and a leading advisory firm focused on assisting clients secure funding and debt capital.

Click here to follow Axial on LinkedIn and stay up to date on the latest trends in the world of Lower Middle Market deal making.


Axial

Featured Members

Tecum Capital Partners

Tecum Capital Partners
​​​​​​Private Equity Firm

Tecum Capital Partners is an independent investment firm based in Pittsburgh, PA that has invested over $650M (with over $450M of current committed capital). Tecum is a multi-strategy investor and is currently investing out of its $265M SBIC Fund (vintage 2017). Since 2006, Tecum’s investment professionals have invested in over 80 platforms and add-on investments over their careers.
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RedShift Advisors

RedShift Advisors
Investment Bank

RedShift Advisors is an independent lower middle market investment bank that serves privately held and entrepreneur-owned companies. The firm provides strategic planning, merger and acquisition, and corporate finance services to minimize risk, recognize and execute on opportunities, and maximize the value of a business. RedShift builds and maintains strong client relationships and supports the processes to acquire, invest, innovate, grow, and exit a business.
​​​​​​View Profile


Six Pillars Partners

Six Pillars Partners
Private Equity Firm

Six Pillars Partners is an investment firm that partners with people who share their value of fostering high-performing businesses in the U.S. The firm specializes in working with companies driven equally by financial success and a thriving culture to create growth and increased value for all stakeholders. Six Pillars was co-founded by Brandt Hamby and Carl Hefton.
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Pathway Capital Corp

Pathway Capital Corp
Consultant

Pathway Capital is a leading advisory firm that assists companies secure funding and debt capital. The Pathway team has vast experience in commercial banking and lending, restructuring and turnaround, and accounting and operations, and know how to navigate around funding roadblocks.
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The HFW Companies

The HFW Companies, LLC
Holding Company

HFW is an AEC industry professional services holding company focused on acquiring firms that support urban development and infrastructure projects. HFW’s solution is simple, innovative, and non-disruptive. Through their “House of Brands” buy-and-build model, they are the only AEC buyer offering small to mid-size firms a unique sell option focused on leveraging the seller’s brand and legacy and helping them break through existing ceilings by providing opportunity to expand and large firm industry command from synergies gained through collaboration with other HFW member firms.
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Not an Axial Member yet?

This week from
Middle Market Review

Using Data to Combat Operational Uncertainty​​​​​​
Read More

Dealing with Buyer Loss Aversion
​​​Read More

Programmatic M&A Maximizes Returns for Insurance Investors
Read More

The Art of Selling Your Business: A Conversation with John Warrillow
Read More

Industry Trends

LPs Bend their Own Rules in a Bid to Bet on Emerging Fund Managers

Source: Pitchbook

Get in Touch

Reach out to dani.forman@axial.net to learn more

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