We realize that access to capital doesn’t necessarily make one a good investor, and by the same token, there are good investors out there who lack a dedicated pool of capital. We have come to know that often times, such “independent sponsors” have leads on transaction opportunities that are off-market, priced below market, and/or in an industry in which the principals have deep prior experience and relationships. We understand the value in such opportunities and can provide capital, analytical and reputational support to the independent sponsors that source and manage them. For such opportunities, we are willing to offer market compensation – typically in the form of an ongoing management fee and upside economics commensurate with value creation.