Envoy Capital Management, a new investment firm focused on providing debt and equity funding to independent sponsors, family offices and owner-operators for buyouts and recapitalizations, has been launched by Neil Marks and Norm Lieu.
Envoy will invest from $5 million to $30 million of subordinated and mezzanine debt, unitranche debt and equity co-investments in US-based companies with $20 million to $200 million of annual revenues and $5 million to $25 million of annual EBITDA.
Mr. Marks has over 30 years of experience in lower middle market direct debt sourcing, execution and portfolio management. Prior to co-founding Envoy, he was a co-founder of Praesidian Capital, a New York-based provider of senior and subordinated debt to lower middle market businesses. Before Praesidian, he was the EVP and Division Head of Heller Financial’s New York and Boston offices.
“With our complementary skill sets, deep personal networks and shared history of investing together, we believe Envoy is well positioned to take advantage of a fluid private equity landscape and the growing importance of independent sponsors and family offices,” said Mr. Marks.
Mr. Lieu has over 15 years of experience in leveraged finance, new business diligence and management advisory. Prior to co-founding Envoy, he was a Principal at Praesidian Capital and a turnaround advisor at CDG Group, a New York-based restructuring advisory firm.
“We are pleased with the market’s reception to our strategy and are committed to being an active partner for the companies and operators we support,” said Mr. Lieu.
Envoy Capital Management is based in New York (www.envoymanagement.com).
© 2016 Private Equity Professional • 9-8-16
