Over the past decade, the independent sponsor model has become increasingly prevalent in the lower middle market, with investors interested in private companies actively seeking to coinvest with prominent or promising sponsors as a supplement to direct, brokered, or other deal flow channels.
“Independent sponsor” is an expansive and evolving category that may be understood to cover any transaction in which a sponsor first sources, diligences, and negotiates the recapitalization or buyout of an acquisition target and then subsequently seeks financing partners to close the transaction. As such, the independent sponsor model is essentially the inverse of the blind pool, where the fund sponsor first obtains binding investor commitments before sourcing and closing investments.
Presented by: Jim Tolbert
Jim Tolbert, a two time Independent Sponsor and SCORE mentor, will define this professional opportunity in more detail and provide direction on how those interested can start and grow a company through acquisitions.
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SCORE Twin Cities
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