Flat Creek Capital

The Flat Creek Funds provide individual investors and families with purposefully diverse portfolios of investments in private, lower middle-market businesses across the United States. Collectively, Funds I, II, and III have 196 investors with commitments of over $35 million and investments in 38 companies. Flat Creek’s approach is informed by key principles ▪ Invest behind value and a clear path to growth ▪ Compelling returns built on conservative underwriting ▪ Partner with proven, like-minded management and ownership with clearly aligned incentives ▪ Scalable business models with strong leadership and culture ▪ Allocate strategically across sectors and geographies ▪ Flexible, partnership-oriented capital Investment Criteria ▪ US-based businesses with revenues of $5-50M ▪ Initial investment size of up to $2M with a 5-20% ownership position ▪ Baseline underwriting target of 2.5-3.0x MOIC and 20-25% IRR ▪ Change of control, growth capital or recapitalizations ▪ Flexibility to consider special situations with an attractive risk/return profile ▪ Limit each Fund's exposure to any one investment or sector