WELCOME
CPH Funds
OUR STRATEGY
Historically, as a family office, our investments in Venture Capital funds were not achieving the returns necessary to justify the investment risk for the following reasons:
DRAWBACKS OF VENTURE CAPITAL
Long venture time horizons often compress IRR’s
A unicorn-hunting mindest pushes a feast or famine mentality, with vintage selection playing an outsized role
In our experience in direct investing opportunities, management teams consistently overpromised and underdelivered their projections.
Participate
in growth industries where we expect to achieve a multiple ROI
Evaluate
in growth industries where we expect to achieve a multiple ROI
Invest
in real operating businesses, not startups
WHO WE ARE
Strategy
WHY US?
We target companies with a viable business model, and where we believe that a competitor, a customer, a strategic partner, or a company in the supply chain would pursue an M&A transaction for the business substantially in excess of the value of our debt.
OUR STRUCTURE
Use of innovative structure that we believe can achieve better returns.
We created a structure designed for a shorter time horizon and a less volatile portfolio
Shorter Time Horizon
Less Volatile Portfolio
This structure is intended to take advantage of the pockets of scarcity of capital created by the general venture investment thesis
Senior secured convertible
debt with a 2 – 3 year term
debt with a 2 – 3 year term
The key is that conversion
is at the option of CPH
is at the option of CPH
NEWS + UPDATES