Investment Profile

Piper Sandler Merchant Banking


Investment Criteria
Industry Focus:Companies within Piper Sandler's established areas of industry expertise which include: (i) healthcare, (ii) technology, (iii) business services, (iv) financial technology & services, (v) consumer and (vi) power, chemicals & materials
Late-Stage Focus:Commercial businesses with meaningful revenue streams and a referenceable client base
High Growth Companies:High growth (20%+) companies with high gross margins and operating leverage
Leading Market Players:Companies that have built top tier positions within emerging sub-market verticals, and possess technology, IP or other attributes which create barriers to entry
Strong Management:Talented management teams capable of executing business plans, with aligned equity incentives
Transaction Type:Focus on late-stage growth financings and growth company control transactions

$5 - $15 million investment size
Security Structure:Flexible security structures; primary and secondary capital
Active Involvement:Companies where PSMB has an active role at the board level, facilitating greater value-add from PSMB
Investment Horizon:Companies which should reach a logical point of liquidity within five years
Aligned Owners:Investments with other institutional investors that have aligned objectives with PSMB