The Stage Fund is actively seeking strategic opportunities that compliment it’s existing investments including bolt on acquisitions. Currently the portfolio consists of software and hardware companies in several different industries. That said, our interests are opportunity focused and not necessarily industry specific. The Stage Fund investments have historically been companies that have raised significant capital, developed products and/or services, are post revenue, and require a new and different lead investor.
The Stage Fund specializes in acquiring businesses that are undergoing change in capital structure, strategy, operations or growth and can benefit from our operational and capital approach. We target companies with a core business, products or services, revenue, strong customer relationships, and that have reached a point in their lifecycle presenting an opportunity for transformation.
These companies have typically raised between 10 and 50 million dollars of equity and debt capital. The investment has usually not grown at the expected annual growth rates venture capitalist's require. Most require annual growth rates for top line revenue in excess of 100 percent year over year. If a particular investment within a typical venture capital firm is not achieving 100 percent, the likelihood of follow-on investments by that incumbent venture capital firm, drops radically. The Stage Fund's business model does not require 100 percent revenue growth year over year and rather deploys the private equity model.